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BOSTON, April 01, 2019 (GLOBE NEWSWIRE) -- Block & Leviton LLP (www.blockesq.com), a securities litigation firm representing investors nationwide, is investigating whether Care.com, Inc. (“Care.com” or the “Company”) (NYSE: CRCM) and certain of its officers and directors violated federal securities laws.
On March 8, 2019, the Wall Street Journal published an article titled “Care.com Puts Onus on Families to Check Caregivers’ Backgrounds – With Sometimes Tragic Outcomes.” The article 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…” These alleged crimes included theft, child abuse, sexual assault and murder.
On April 1, 2019, the Wall Street Journal reported that “hundreds of day-care centers” listed as “state licensed” on the Care.com website did not appear to be, and that tens of thousands of unverified day-care center listings were scrubbed from the Care.Com website just before the March 8, 2019 Wall Street Journal article was published.
Following these disclosures Care.com’s stock price fell sharply.
If you have purchased or otherwise acquired Care.com securities and have questions about your legal rights, or possess information relevant to this investigation, you are encouraged to contact attorney Dan DeMaria at (888) 868-2385, by email at email@example.com, or by visiting http://shareholder.law/care.
Block & Leviton LLP was recently ranked 4th among securities litigation firms by ISS for recoveries in 2017. The firm represents many of the nation's largest institutional investors and numerous individual investors in securities litigation throughout the country. Indeed, its lawyers have recovered billions of dollars for its clients.
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