EQUITY ALERT: Rosen Law Firm Announces Investigation of Securities Claims Against Care.com, Inc. – CRCM

Apr 01, 2019 04:18 pm
NEW YORK -- 

Rosen Law Firm, a global investor rights law firm, announces it is investigating potential securities claims on behalf of shareholders of Care.com, Inc. (NYSE:CRCM) resulting from allegations that Care.com may have issued materially misleading business information to the investing public.

On March 8, 2019, The Wall Street Journal (“WSJ) published an article titled “Care.com Puts Onus on Families to Check Caregivers’ Backgrounds – With Sometimes Tragic Outcomes.” The article described how caregivers in the U.S. “who had police records were listed on Care.com and later were accused of committing crimes while caring for customers’ children or elderly relatives…” These alleged crimes included theft, child abuse, sexual assault, and murder. The WSJ also found hundreds of instances in which day-care centers listed on Care.com as “state-licensed” did not appear to be so licensed.

Further, on April 1, 2019, WSJ reported that tens of thousands of unverified day-care center listings were scrubbed from the Care.com website just before the March 8, 2019 WSJ article was published. On this news, shares of Care.com fell sharply during intraday trading.

Rosen Law Firm is preparing a class action lawsuit to recover losses suffered by Care.com investors. If you purchased shares of Care.com please visit the firm’s website at http://www.rosenlegal.com/cases-register-1541.html to join the class action. You may also contact Phillip Kim or Zachary Halper of Rosen Law Firm toll free at 866-767-3653 or via email at [email protected] or [email protected].

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Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 3 each year since 2013.

Attorney Advertising. Prior results do not guarantee a similar outcome.

Laurence Rosen, Esq.
Phillip Kim, Esq.
Zachary Halper, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 34th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
[email protected]
[email protected]
[email protected]
www.rosenlegal.com