NEW YORK, April 28, 2025 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against RH (NYSE: RH), Open Lending Corporation (NASDAQ: LPRO), and KinderCare Learning Companies, Inc. (NASDAQ: KLC). Our investigations concern whether these companies have violated the federal securities laws and/or engaged in other unlawful business practices. Additional information about each case can be found at the link provided.
RH (NYSE: RH)
On January 24, 2025, Hunterbrook Media published a report alleging, among other things, that RH may be "running out of money," asserting that "an analysis of the last 20 quarters shows RH has consistently failed to meet expectations, with a cumulative $1.4 billion shortfall in free cash flow" and that "RH's latest narrative of rapid, imminent growth appears to be unsubstantiated as well." On this news, RH's stock price fell $15.72 per share, or 3.6%, to close at $418.74 per share on January 24, 2025.
For more information on the RH investigation go to: https://bespc.com/cases/RH
Open Lending Corporation (NASDAQ: LPRO)
On March 17, 2025, Open Lending disclosed that it would be unable to file its Annual Report for 2024 in a timely manner as it "requires additional time to finalize its accounting and review processes specifically related to its profit share revenue and related contract assets." Following this news, Open Lending stock dropped on unusually heavy trading volume.
For more information on the Open Lending investigation go to: https://bespc.com/cases/LPRO
KinderCare Learning Companies, Inc. (NASDAQ: KLC)
On or around October 9, 2024, KinderCare conducted its initial public offering ("IPO"), selling 24 million shares of common stock priced at $24.00 per share. Then, on March 20, 2025, KinderCare issued a press release announcing its financial results for the fourth quarter and fiscal year ended December 28, 2024 and provided guidance for 2025. Among other items, KinderCare reported an operational loss of $89.3 million in the fourth quarter of 2024, contrasting with an operational income of $48.7 million in the previous year. KinderCare attributed the loss primarily to increased equity-based compensation expenses and lower COVID-19 stimulus reimbursements. KinderCare also provided full-year guidance that fell short of consensus estimates. On this news, KinderCare's stock price fell $3.92 per share, or 22.17%, to close at $13.76 per share on March 21, 2025.
For more information on the KinderCare investigation go to: https://bespc.com/cases/KLC
About Bragar Eagel & Squire, P.C.:
Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York, California, and South Carolina. The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country. For more information about the firm, please visit www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes.
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Contact Information:
Bragar Eagel & Squire, P.C.
Brandon Walker, Esq.
Marion Passmore, Esq.
(212) 355-4648
investigations@bespc.com
www.bespc.com
