CARE.COM, INC. INVESTOR ALERT: Wolf Haldenstein Adler Freeman & Herz LLP announces that a securities class action lawsuit has been filed in the United States District Court for the District of Massachusetts against Care.com, Inc.
NEW YORK, April 09, 2019 (GLOBE NEWSWIRE) -- Wolf Haldenstein Adler Freeman & Herz LLP announces that a federal securities class action lawsuit has been filed against Care.com, Inc. (“Care.com” or the (Company”) (NYSE: CRCM) in the United States District Court for the District of Massachusetts on behalf of those who purchased or acquired the securities of Care.com between March 27, 2015 and April 1, 2019, inclusive (“Class Period”).
Investors who purchased shares of Care.com are urged to contact the firm immediately at email@example.com or (800) 575-0735 or (212) 545-4774. You may obtain additional information concerning the action on our website www.whafh.com.
If you have incurred losses in the shares of Care.com, you may, no later than June 3, 2019, request that the Court appoint you lead plaintiff of the proposed class. Please contact Wolf Haldenstein to learn more about your rights as an investor in Care.com.
The Complaint alleges that Defendants misleadingly touted the Company’s “proactive” screening procedures. On March 8, 2019, a Wall Street Journal article revealed the Company’s ineffective screening procedures, reporting that care providers listed on the website “had police records . . . and later were accused of committing crimes while caring for customers’ children or elderly relatives.”
The Company’s stock dropped 13% after these revelations.
On March 31, 2019, a follow-up Wall Street Journal article stated that “hundreds of day-care centers” listed as “state licensed” on the Company’s website did not appear to be, and that tens of thousands of unverified day-care center listings were scrubbed from their website just before the March 8, 2019 Wall Street Journal article was published.
Care.com stock dropped another 7% after these disclosures.
Wolf Haldenstein Adler Freeman & Herz LLP has extensive experience in the prosecution of securities class actions and derivative litigation in state and federal trial and appellate courts across the country. The firm has attorneys in various practice areas; and offices in New York, Chicago and San Diego. The reputation and expertise of this firm in shareholder and other class litigation has been repeatedly recognized by the courts, which have appointed it to major positions in complex securities multi-district and consolidated litigation.
If you wish to discuss this action or have any questions regarding your rights and interests in this case, please immediately contact Wolf Haldenstein by telephone at (800) 575-0735, via e-mail at firstname.lastname@example.org, or visit our website at www.whafh.com.
Wolf Haldenstein Adler Freeman & Herz LLP Kevin Cooper, Esq.Gregory Stone, Director of Case and Financial AnalysisEmail: email@example.com, firstname.lastname@example.org or email@example.com Tel: (800) 575-0735 or (212) 545-4774
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