Portnoy Law Firm Announces Class Action on Behalf of KinderCare Learning Companies, Inc. Investors

LOS ANGELES, Sept. 30, 2025 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises KinderCare Learning Companies, Inc., ("KinderCare" or the "Company") (NYSE: KLC) investors of a class action on behalf of investors that bought securities in or traceable to the Company's October 2024 initial public offering. KinderCare investors have until October 14, 2025 to file a lead plaintiff motion.

Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 844-767-8529 or email: lesley@portnoylaw.com, to discuss their legal rights, or join the case via https://portnoylaw.com/kindercare-learning-companies-inc-2/. The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors’ options for pursuing claims to recover their losses.

On or around October 9, 2024, KinderCare conducted its initial public offering (“IPO”) of 27 million shares of stock priced at $24 per share. Then, on April 3, 2025, research analyst Edwin Dorsey published a report about KinderCare titled “Problems at KinderCare Learning Companies (KLC)” in a newsletter known as “The Bear Cave” (the “Bear Cave Report”). The Bear Cave Report alleged, among other things, that “KinderCare often fails to deliver the safe and nurturing environment it promises parents and taxpayers. The Bear Cave finds that toddlers escape from the KinderCare daycares onto busy roads, are left alone locked inside KinderCare buildings and buses, and are physically, verbally, and sexually abused, with many cases going unreported until bystanders raise alarm or video evidence circulates. In sum, The Bear Cave believes KinderCare is a broken business that harms the children and families it claims to help.” Then, on April 24, 2025, online magazine Evie issued an article titled “Why Are Babies Testing Positive For Cocaine At The Nation’s Biggest Daycare Chain?” The article described the Bear Cave Report as a “damning new investigative report [that] has pulled back the curtain on what might be the worst scandal in America’s childcare system at KinderCare.” Finally, on June 5, 2025, Edwin Dorsey published a follow-up report in The Bear Cave titled “More Problems at KinderCare (KLC)” (the “Second Bear Cave Report”). The Second Bear Cave Report noted: “Now these concerns are entering the mainstream, allegations against the company are growing, [and] lawmakers are demanding accountability . . . .” Since the IPO, the price of KinderCare stock has fallen to lows near $9 per share – substantially less than half the $24 per share IPO price.

The Portnoy Law Firm represents investors in pursuing claims 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, NY and TX Bar
lesley@portnoylaw.com
310-692-8883
www.portnoylaw.com

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