NEW YORK, Aug. 21, 2025 (GLOBE NEWSWIRE) — Wolf Haldenstein Adler Freeman & Herz LLP is informing investors about a class action lawsuit against KinderCare Learning Companies, Inc. (NYSE: KLC) (“KinderCare”). The lawsuit addresses alleged violations of the Securities Act of 1933 related to KinderCare’s October 2024 initial public offering (“IPO”).
These allegations stem from KinderCare’s IPO, where the company sold over 27 million shares of common stock at $24 per share, generating $648 million in gross proceeds. Since the IPO, the price of KinderCare stock has traded as low as $6.75 per share.
If you purchased KinderCare Learning Companies, Inc. common stock in or traceable to the company’s October 2024 initial public offering, you may have grounds to join the class action lawsuit. To learn more about the case, your rights, and how to potentially become a lead plaintiff:
PLEASE CLICK HERE TO JOIN THE CASE AND SUBMIT CONTACT INFORMATION
The class action lawsuit contends that the registration statement for the IPO contained false and/or misleading information. The suit further alleges a failure to disclose critical details about the quality of care at KinderCare facilities. Specifically, the lawsuit highlights the following points:
- Numerous incidents of child abuse, neglect, and harm occurred at KinderCare facilities.
- KinderCare did not consistently provide the “highest quality care possible” and, in numerous instances, failed to meet even basic care standards or comply with relevant laws and regulations.
- As a result, KinderCare faced a material, undisclosed risk of lawsuits, adverse regulatory action, negative publicity, reputational damage, and business loss.
Why Wolf Haldenstein Adler Freeman & Herz LLP?:
This illustrious firm, founded in 1888, is steadfast in their pursuit of justice for investors who have suffered financial harm due to these misrepresented statements. The law firm brings to the fore over 125 years of legal expertise in securities litigation and has a proven track record of protecting the rights of investors.
We encourage all investors who have been affected or have information that will assist in our investigation, to contact Wolf Haldenstein Adler Freeman & Herz LLP.
Contact:
Firm Website: Wolf Haldenstein Adler Freeman & Herz LLP
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
Wall St Business News, Latest and Up-to-date Business Stories from Newsmakers of Tomorrow