In re KinderCare Learning Companies, Inc. Securities Litigation

Labaton Keller Sucharow serves as Lead Counsel in a securities class action on behalf of all purchasers of KinderCare Learning Companies, Inc. (KinderCare or the Company) common stock in or traceable to the Company’s October 2024 initial public offering (the IPO).  The action alleges violations of Sections 11 and 15 of the Securities Act of 1933, 15 U.S.C. Sections 77k and 77o, against KinderCare, the Company’s senior officers and directors, the Company’s controlling shareholder, and underwriters of the IPO (collectively, Defendants).

KinderCare provides early education and childcare services to children ranging from 6 weeks to 12 years of age across more than 1,500 early childhood education (ECE) centers and approximately 900 before-school and after-school sites in the United States.  KinderCare contends that its “mission is to provide high-quality ECE for families of all backgrounds and means.”  Notably, more than 30% of KinderCare’s revenues come from federal subsidies, primarily through a federal program that provides funding to states to assist low-income families with childcare costs.  

The action alleges that KinderCare’s IPO Registration Statement was negligently prepared and, as a result, contained untrue statements of material fact, omitted material facts necessary to make the statements contained therein not misleading, and failed to make adequate disclosures required under the rules and regulations governing the preparation of such documents.  According to the complaint, the Company's failed to disclose a history of child neglect and harm that exposed it to a material, undisclosed risk of legal and regulatory action that could threaten this major revenue source.  Since the IPO, several pre-IPO incidents have come to light in which children at KinderCare centers allegedly were put in danger.  Accordingly, in less than a year from the IPO to the date of the Complaint, KinderCare stock had dropped from its offering price of $24 per share to lows near $9 per share.  

On November 13, 2025, City of Dearborn Police & Fire Revised Retirement System was appointed to serve as Lead Plaintiff in the matter, and Labaton Keller Sucharow was appointed to serve as Lead Counsel.

The case is In re KinderCare Learning Companies, Inc. Securities Litigation, No. 25-cv-01424-AR (D. Or.).