SAN DIEGO, May 3, 2019 /PRNewswire/ -- Shareholder Rights
Law Firm Johnson Fistel, LLP with the assistance of former
California Deputy Attorney General
and Special Counsel, Tiffany Johnson,
Esq., is investigating potential claims against Care.com,
Inc. (NYSE: CRCM) for violations of federal securities
laws.
On March 8, 2019, the Wall Street
Journal (WSJ) published the results of a detailed investigation
into the Company's business model entitled "Care.com Puts Onus on
Families to Check Caregivers' Backgrounds—With Sometimes Tragic
Outcomes." According to the WSJ, "in about 9 instances over the
past six years, 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,
according to an investigation by The Wall Street Journal, which
reviewed police records, court records and local media reports."
"Alleged crimes included theft, child abuse, sexual assault and
murder." "The Journal also found hundreds of instances in which
day-care centers listed on Care.com as state-licensed didn't appear
to be."
The WSJ detailed certain cases of very inappropriate "care"
providers being referred by Care.com, including the July 2018 death of two children at a Knoxville, Tennessee daycare center listed on
Care.com to be "state-licensed" which was not. Not only was the
facility not "state-licensed," just two months earlier, "a state
agency had obtained an injunction" barring that facility "from
operating an unlicensed facility." The March
8th WSJ report also detailed a 2018 incident at Seattle, Washington where "police responded to
a call saying a babysitter had been seen stroking the vaginal area
and buttocks of a 7-year-old girl in his care," citing "police and
court records." The WSJ report revealed that "[t]hat babysitter
remained on Care.com's site for weeks, during which time he
allegedly also molested a young boy and his friend, based on a
second police report."
If you have information that could assist in this
investigation, including past employees and others, or if you are
an Care.com shareholder and are interested in learning more about
the investigation or your legal rights and remedies, please contact
Jim Baker
(jimb@johnsonfistel.com) by email or phone at 619-814-4471. If
emailing, please include a phone number.
Additionally, you can [click here to join this
action]. There is no cost or obligation to you.
About Johnson Fistel,
LLP:
Johnson Fistel, LLP is a nationally
recognized shareholder rights law firm with offices in California, New
York, and Georgia. The firm
represents individual and institutional investors in shareholder
derivative and securities class action lawsuits. For more
information about the firm and its attorneys, please visit
http://www.johnsonfistel.com. Attorney advertising. Past results do
not guarantee future outcomes.
Contact:
Johnson Fistel, LLP
Jim Baker, 619-814-4471
jimb@johnsonfistel.com
[click here to join this action].
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SOURCE Johnson Fistel, LLP