George Tong

Toni Kaplan

Andrew Steinerman

Faiza Alwy

Jeffrey Silber

Joshua Chan

Jeffrey Meuler

Ronan Kennedy

Jeff Meuler

Jeff Silber

John Ronan Kennedy

Judson Lindley

Manav Patnaik

Steven Pawlak

- A new securities class action lawsuit has been filed against **KinderCare Learning Companies, Inc. (KLC)** and its executives, alleging the company misled investors during its **October 2024 Initial Public Offering (IPO)**.  **[1873529_05197fa1d80b468896380a200108850e_0]** 
- The lawsuit claims KLC's IPO documents presented a false picture, concealing a documented history of **serious safety and care failures** that contradicted its claims of providing "highest quality care".  **[1873529_05197fa1d80b468896380a200108850e_0]** 
- The complaint highlights that **more than 30%** of KinderCare’s revenues come from federal subsidies, making the undisclosed history of child neglect and harm a material, undisclosed risk to this major revenue source.  **[1873529_05197fa1d80b468896380a200108850e_0]** 
- Since the IPO, KLC's stock has performed poorly, dropping from its offering price of **$24 per share** to lows near **$9 per share**.  **[1873529_05197fa1d80b468896380a200108850e_0]**

KinderCare Faces Investor Lawsuit Over October 2024 IPO

KinderCare Learning Companies (KLC)