Care.com, Inc. (NYSE: CRCM) Investor Securities Class Action Lawsuit 04/03/2019

If you purchased a significant amount of shares of Care.com, Inc. (NYSE: CRCM) between March 27, 2015 and April 1, 2019, and / or if you purchased any NYSE: CRCM shares prior to March 2015 and continue to hold any of those shares, you have certain options and for certain investors are short and strict deadlines running. Deadline: June 3, 2019. NYSE: CRCM investors should contact the Shareholders Foundation, Inc.

To have your information reviewed for options and to recieve notifications about this case, please use this form. You may also send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.
Company Name(s): 
Care.com
Case Name: 
Care.com Shareholder Class Action Lawsuit 04/03/2019
Case Status: 
Lawsuit Filed
Affected Securities
NYSE: CRCM
Lawsuit Overview
Type of Lawsuit: 
Shareholder Class Action
Date Filed: 
04/03/2019
Class Period Begin: 
03/27/2015
Class Period End: 
04/01/2019
Court of Filing: 
U.S. District Court for the District of Massachusetts
Deadline To File for Lead: 
06/03/2019
Summary: 

An investor in shares of Care.com, Inc. (NYSE: CRCM) filed a lawsuit in the U.S. District Court for the District of Massachusetts over alleged violations of Federal Securities Laws by Care.com, Inc. in connection with certain allegedly false and misleading statements made between March 27, 2015 and April 1, 2019.

Waltham, MA based Care.com, Inc. operates an online marketplace for finding and managing family care in the United States and internationally.

On March 8, 2019, the Wall Street Journal published an article titled “Care.com Puts Onus on Families to Check Caregivers’ Backgrounds – With Sometimes Tragic Outcomes.” Care.com, Inc. reported that its annual Total Revenue rose from $174.09 million in 2017 to 192.26 million in 2018 and that its Net Income increased from $10.66 million in 2017 to $52.89 million in 2018.

On March 8, 2019, an article was published titled “Care.com Puts Onus on Families to Check Caregivers’ Backgrounds – With Sometimes Tragic Outcomes.”

Shares of Care.com, Inc. (NYSE: CRCM) declined from $25.81 per share on March 4, 2019 to as low as $19.10 per share on March 15, 2019.

According to the complaint the plaintiff alleges on behalf of purchasers of Care.com, Inc. (NYSE: CRCM) common shares between March 27, 2015 and April 1, 2019, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between March 27, 2015 and April 1, 2019, the Defendants made false and/or misleading statements, as well as failed to disclose material adverse facts, with respect to the manner in which the Company vets the caregivers and day-care providers listed on its website.