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Care.com, Inc.

Case Summary

Care.com, Inc. Securities Litigation

Case Summary

Case Status:    DISMISSED    
On or around 09/25/2020 (Court's order of dismissal)

Filing Date: April 03, 2019

According to the Complaint, Care.com purports to be the world’s largest online family care platform. The Company purports to “help families make informed hiring decisions” about caregivers.

The Complaint alleges that throughout the Class Period, 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.

On July 17, 2019, the Court issued an Order appointing Lead Plaintiff and Counsel. Lead Plaintiff filed an amended Complaint on September 16. Defendants filed a Motion to Dismiss the amended Complaint on November 1. On September 25, 2020, the Court issued an Order granting Defendants' Motion to Dismiss.

Company & Securities Information

Defendant: Care.com, Inc.

COMPANY INFORMATION:

Sector: Services
Industry: Personal Services
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: CRCM
Company Market: New York SE
Market Status: Public (Listed)

About the Company & Securities Data


"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.

In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.

First Identified Complaint

Lesedi Toussaint, et al. v. Care.com, Inc., et al.

COURT: D. Massachusetts
DOCKET #: 19-CV-10628
JUDGE: Hon. Mark L. Wolf
DATE FILED: 04/03/2019
CLASS PERIOD START: 03/27/2015
CLASS PERIOD END: 04/01/2019
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Block & Leviton LLP
First Identified Complaint (FIC) Filings:
No Document Title Filing Date
1 Complaint for Violation of the Federal Securities Laws 04/03/2019
2 Order Appointing Lessedi Toussaint Lead Plaintiff and his Selection of Block & Leviton LLP as Lead Counsel 07/17/2019
3 U.S. District Court Civil Docket 07/22/2019

Reference Complaint

Lesedi Toussaint, et al. v. Care.com, Inc., et al.

COURT: D. Massachusetts
DOCKET #: 19-CV-10628
JUDGE: Hon. Mark L. Wolf
DATE FILED: 09/16/2019
CLASS PERIOD START: 05/23/2016
CLASS PERIOD END: 04/02/2019
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Block & Leviton LLP (Boston)
Reference Complaint (REF) Filings:
No Document Title Filing Date
1 First Amended Class Action Complaint for Violations of the Federal Securities Laws 09/16/2019
2 U.S. District Court Civil Docket 09/25/2020
3 Memorandum and Order 09/25/2020
4 Order of Dismissal 09/25/2020

Related District Court Filings

—Related District Court Filings Data is not available
 
 

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