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SAN FRANCISCO, April 29, 2019 (GLOBE NEWSWIRE) -- Hagens Berman Sobol Shapiro LLP, with 9 offices in 8 cities around the country and 80 attorneys, reminds investors in Care.com (NYSE: CRCM) of the securities class action pending in the United States District Court for the District of Massachusetts. The complaint, Toussaint v. Care.com, Inc. et al., No. 1:19-cv-10628-MLW, alleges violations of the Federal securities laws.
If you purchased or otherwise acquired Care.com securities between March 27, 2015 and April 1, 2019 (the “Class Period”) and suffered losses in excess of $50,000, you may qualify to be a lead plaintiff – one who selects and oversees the attorneys prosecuting the case.
If you wish to serve as a lead plaintiff in this class action, you must move the Court no later than June 3, 2019 (the “Lead Plaintiff deadline”). Contact Hagens Berman immediately for more information about the case and being a lead plaintiff:
or contact Reed Kathrein, who is leading the firm’s investigation, by calling 510-725-3000 or emailing
According to the complaint, Defendants made false and/or misleading statements, as well as failed to disclose material adverse facts, with respect to the manner in which Care.com vets the caregivers and day-care providers listed on its website.
“We’re focused on investors’ losses and whether senior management’s statements about the Company’s business practices and other matters may have misled investors,” said Hagens Berman partner Reed Kathrein.
Whistleblowers: Persons with non-public information regarding Care.com should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 510-725-3000 or email CRCM@hbsslaw.com.
About Hagens Berman
Hagens Berman is a national investor-rights law firm headquartered in Seattle, Washington with 80 attorneys in 9 offices located in 8 cities across the country. The firm represents investors, whistleblowers, workers and consumers in complex litigation. More about the firm and its successes can be found at www.hbsslaw.com. For the latest news visit our newsroom or follow us on Twitter at @classactionlaw.
Reed Kathrein, 510-725-3000