Care.com, Inc.
| Company Name | Care.com, Inc. |
| Stock Symbol | CRCM |
| Class Period | May 23, 2016 to April 01, 2019 |
| Lead Plaintiff Motion Deadline | June 03, 2019 |
On March 8, 2019, The Wall Street Journal reported that caregivers with police records were “listed on Care.com and later accused of committing crimes while caring for customers’ children or elderly relatives.” The crimes allegedly committed include child/elder abuse, theft, sexual assault, and murder.
On this news, shares of Care.com fell $2.93 per share, or over 12%, over several trading sessions to close at $20.48 on March 11, 2019, thereby injuring investors.
Then, on March 31, 2019, The Wall Street Journal published another article in which it reported that hundreds of daycare centers listed on Care.com as state licensed did not appear to be state licensed. Additionally, thousands of previously unverified listings for day-care centers had been removed from Care.com shortly before the publication of the March 8, 2019 Wall Street Journal article.
On this news, shares of Care.com fell $1.31 per share, or over 6%, over several trading sessions to close at $18.45 on April 1, 2019, thereby injuring investors further.
Submit Your Information
If you suffered a loss on your Care.com, Inc. investments or would like to inquire about joining an action to recover your loss under the federal securities laws, please complete the form below. Please note that submission of this form does not by itself form an attorney-client relationship nor does filing out this form mean you have joined any lawsuit.