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Care.com, Inc.

Case Summary

Care.com, Inc. Securities Litigation

Case Summary

Case Status:    DISMISSED    
On or around 02/19/2020 (Notice of voluntarily dismissal)

Filing Date: January 21, 2020

According to the Complaint, Care.com, Inc. is the world’s largest online destination for finding and managing family
care, with 19.8 million families and 14.3 million caregivers across more than twenty countries, including the United States, U.K., Canada, and parts of Western Europe, and approximately 1.7 million employees of corporate clients having access to the Company’s services.

This action stems from a proposed transaction announced on December 20, 2019, pursuant to which Care.com, Inc. will be acquired by IAC/InterActivCorp.

On December 20, 2019, Care.com’s Board of Directors caused the Company to enter into an agreement and plan of merger with IAC.

On January 13, 2020, Defendants filed a Solicitation/Recommendation Statement with the United States Securities and Exchange Commission in connection with the Proposed Transaction. The Complaint alleges that the Solicitation Statement omits material information with respect to the Proposed Transaction, which renders the Solicitation Statement false and misleading.

This case was voluntarily dismissed on February 19, 2020.

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

Michael Kent, et al. v. Care.com, Inc., et al.

COURT: D. Delaware
DOCKET #: 20-CV-00088
JUDGE: Hon. Colm F. Connolly
DATE FILED: 01/21/2020
CLASS PERIOD START: 12/20/2019
CLASS PERIOD END: 01/21/2020
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Rigrodsky & Long, P.A. (Wilmington)
  2. RM Law, P.C. (Berwyn)
First Identified Complaint (FIC) Filings:
No Document Title Filing Date
1 Complaint for Violation of the Securities Exchange Act of 1934 01/21/2020
2 U.S. District Court Civil Docket 01/22/2020

Reference Complaint

—Reference Complaint Complaint Related Data is not available

Related District Court Filings

—Related District Court Filings Data is not available
 
 

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