Investors can contact the law firm at no cost to learn more about recovering their losses
LOS ANGELES, Aug. 14, 2025 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises KinderCare Learning Companies, Inc. ("KinderCare e" or the "Company") (NYSE: KLC) investors of a class action representing investors that bought securities pursuant to and/or traceable to KinderCare’s initial public offering (“IPO”) conducted in October 2024 (the "Class Period"). KinderCare investors have until October 14, 2025 to file a lead plaintiff motion.
Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 310-692-8883 or email: lesley@portnoylaw.com, to discuss their legal rights, or click here to join the case. The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors’ options for pursuing claims to recover their losses.
CASE ALLEGATIONS: KinderCare provides early education and child care services in the United States. In its initial public offering, KinderCare sold over 27 million shares of common stock to investors at $24 per share, generating approximately $648 million in gross proceeds.
The KinderCare class action lawsuit alleges that the registration statement for the IPO was false and/or misleading and/or failed to disclose that: (i) numerous incidents of child abuse, neglect, and harm had occurred at KinderCare facilities; (ii) KinderCare did not provide the “highest quality care possible” and, in many instances, failed to provide even basic care, meet industry minimum standards, or comply with applicable laws and regulations governing child care; and (iii) as a result, KinderCare was exposed to a material, undisclosed risk of lawsuits, regulatory actions, negative publicity, reputational harm, and business losses.
Since the IPO, the price of KinderCare stock has declined to lows near $9 per share.
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The Portnoy Law Firm represents investors in pursuing claims against caused by corporate wrongdoing. The Firm’s founding partner has recovered over $5.5 billion for aggrieved investors. Attorney advertising. Prior results do not guarantee similar outcomes.
Lesley F. Portnoy, Esq.
Admitted CA and NY Bar
lesley@portnoylaw.com
310-692-8883
www.portnoylaw.com
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