KinderCare IPO Investor Sues Over Child Endangerment Accusations

KinderCare Learning Cos. Inc. glossed over incidents of child abuse and insufficient care in its initial public offering paperwork, a proposed class action said.

The daycare and child educator’s IPO documentation left out “numerous incidents of inappropriate conduct or otherwise substandard care,” an investor told the US District Court for the District of Oregon. The complaint cited incidents of toddlers escaping and roaming into traffic, being locked alone in facilities and buses, and intentional “physical, verbal, and sexual abuse.”

The registration statement was misleading in a way that would’ve mattered to investors during the Partners Group Holding AG-backed IPO ...