Care.com (NYSE: CRCM)

DEFENDANT NAME: Care.com
STOCK SYMBOL: NYSE: CRCM
CASE NUMBER:
CASE NAME:
COURT: U.S. District Court for the District of Massachusetts
PRACTICE AREA: Investor Fraud
STATUS: Investigation
CLASS PERIOD: Mar. 27, 2015 and Apr. 1, 2019
LEAD PLAINTIFF DEADLINE: June 3, 2019
DATE FILED:
COURT LOCATION:
RELATED DOCUMENTS:
CONTACT:
510-725-3000 CRCM@hbsslaw.com

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Hagens Berman Sobol Shapiro LLP reminds investors in Care.com (NYSE: CRCM) of the June 3, 2019 Lead Plaintiff deadline in the securities class action pending in the U.S. District Court for the District of Massachusetts.

If you purchased or otherwise acquired Care.com securities between March 27, 2015 and April 1, 2019 (the “Class Period”) and suffered losses you do not need to sign up to be included in the putative class of investors.

If you suffered substantial 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 contact Hagens Berman Sobol Shapiro LLP by calling 510-725-3000 or emailing CRCM@hbsslaw.com.

According to the complaint, on March 8, 2019, the Wall Street Journal reported that caregivers in the U.S. who had police records were listed on Care.com and later accused of committing crimes while caring for customers’ children or elderly relatives.

Then, on March 31, 2019, the WSJ reported the Company scrubbed tens of thousands of unverified day care listings just before the Journal published its March 8 analysis.

Most recently, on April 2, 2019, Reuters reported electronics retailer Best Buy said it suspended its relationship with Care.com and is conducting a thorough review of the Company.

These reports have significantly driven down the price of Care.com shares.

“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.


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04/02/19: Investigation