Thieler Law Corp advises investors with losses exceeding $100,000 of the June 3, 2019 lead plaintiff deadline in a class action lawsuit filed against Care.com Inc. (NYSE: CRCM) (“Care.com” or “the Company”). The suit is pending in the U.S. District Court for the District of Massachusetts and investors, who purchased Care.com Inc securities between March 27, 2015 and April 1, 2019, have until June 3, 2019 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class.

If you purchased Care.com Inc securities during the Class Period, and have losses over $100,000, you may contact Thieler Law Corp by calling at (619) 377 - 4324 or emailing mail@thielerlaw.com . No class has been certified in this case, and if your losses are less than $100,000 you are still a member of the class.

The complaint alleges that during the Class Period defendants made false and misleading statements and/or allegedly 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.

On March 8, 2019, an article published by the Wall Street Journal 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…” Allegedly some of the crimes included theft, child abuse, sexual assault, and murder. In addition, the Wall Street Journal found hundreds of instances in which day-care centers listed on Care.com as “state-licensed” did not appear to be so licensed.

On March 31, 2019, the Wall Street Journal revealed that Care.com Inc scrubbed tens of thousands of unverified day care listings just before the Journal published its March 8 analysis.

Following this news, NYSE: CRCM fell sharply during intraday trading.

If you were negatively impacted by your investment in Care.com Inc securities between March 27, 2015 and April 1, 2019 and would like to learn more about this lawsuit and your ability to participate as a lead plaintiff, please contact us for your no-cost evaluation.

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