According to the Complaint, Care.com, Inc. 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.