Particle.news

Download on the App Store

KinderCare IPO Lawsuit Heats Up as Investors Face Mid-October Lead-Plaintiff Deadlines

Multiple law firms are urging KinderCare IPO investors to seek lead-plaintiff status before mid-October court deadlines.

Overview

  • The securities case, Gollapalli v. KinderCare Learning Companies, Inc. (No. 3:25-cv-01424), is pending in the U.S. District Court for the District of Oregon and asserts Securities Act §§11 and 15 claims tied to the October 2024 IPO.
  • Hagens Berman, Scott+Scott, Rosen Law Firm, Kahn Swick & Foti, The Gross Law Firm, and Levi & Korsinsky are soliciting class members as lead-plaintiff motions are due October 13–14, 2025.
  • The complaint alleges KinderCare’s registration statement concealed numerous incidents of child abuse and neglect and overstated the quality of care, creating undisclosed legal, regulatory, and business risks, including to sizable federal-subsidy revenue.
  • Investor notices cite The Bear Cave reports on April 3 and June 5, 2025, and an April 24 Evie article as catalysts that brought alleged safety issues to light and intensified scrutiny.
  • KinderCare’s shares have fallen from the $24 IPO price to lows near $9 since those disclosures, while the allegations remain unproven and no class has been certified.