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Levi & Korsinsky Reminds Shareholders of a Lead Plaintiff Deadline of January 12, 2026 in Stride Lawsuit – LRN
Globenewswire· 2025-12-12 21:32
Core Viewpoint - A class action securities lawsuit has been filed against Stride, Inc. for alleged securities fraud affecting investors between October 22, 2024, and October 28, 2025 [1][2]. Group 1: Allegations Against Stride - The lawsuit claims that Stride inflated enrollment numbers by retaining "ghost students" [2]. - It is alleged that Stride cut staffing costs by assigning teachers' caseloads beyond statutory limits [2]. - The company is accused of ignoring compliance requirements, including background checks and licensure laws for employees, as well as federally mandated special education services [2]. - Whistleblowers who documented financial directives from Stride's leadership were reportedly suppressed to delay hiring and deny services, preserving profit margins [2]. - The lawsuit also states that Stride has lost existing and potential enrollments due to these practices [2]. Group 2: Legal Process and Participation - Investors who suffered losses during the relevant time frame have until January 12, 2026, to request to be appointed as lead plaintiff [3]. - Class members may be entitled to compensation without any out-of-pocket costs or fees [3]. Group 3: Firm Background - Levi & Korsinsky has a history of securing hundreds of millions of dollars for shareholders and has extensive expertise in complex securities litigation [4]. - The firm has been recognized in ISS Securities Class Action Services' Top 50 Report for seven consecutive years as one of the top securities litigation firms in the U.S. [4].
Stride (LRN) Investor Lawsuit: Investors Face Jan. 12 Lead Plaintiff Deadline, Hagens Berman Investigates Claims Stride Misled Investors About “Ghost Students” and Poor Customer Experience
Globenewswire· 2025-12-12 14:34
Core Viewpoint - The article discusses a securities fraud class action lawsuit against Stride, Inc., alleging that the company misled investors about its operational health and compliance, leading to a significant stock crash of over 54% following damaging disclosures [1][4]. Company Allegations - Stride is accused of inflating enrollment figures by retaining "ghost students" and compounding this deception with a problematic platform upgrade that management was aware of [2][6]. - The lawsuit claims that Stride's management intentionally misled investors regarding the stability of enrollment figures and the severity of operational and compliance failures to artificially inflate stock prices [4][6]. Key Events and Impact - The lawsuit was triggered by two major disclosures: 1. On September 14, 2025, a report surfaced detailing a lawsuit by Gallup-McKinley school district, alleging fraud and deceptive practices, which caused Stride's stock to plunge by 11% [6]. 2. On October 28, 2025, Stride announced Q1 fiscal 2026 results, revealing severe operational issues due to a failed platform upgrade, leading to significant enrollment losses and a stock crash of over 54% in a single day [6]. Next Steps for Investors - Investors who purchased Stride, Inc. securities during the class period (October 22, 2024 – October 28, 2025) and suffered substantial losses may be eligible to serve as Lead Plaintiff, with a deadline to file motions by January 12, 2026 [5][6].
Levi & Korsinsky Reminds Stride Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of January 12, 2026 - LRN
Prnewswire· 2025-12-12 14:00
Core Viewpoint - A class action securities lawsuit has been filed against Stride, Inc. for alleged securities fraud affecting investors between October 22, 2024, and October 28, 2025 [1]. Group 1: Allegations - The lawsuit claims that Stride inflated enrollment numbers by retaining "ghost students" [2]. - It is alleged that Stride cut staffing costs by assigning teachers' caseloads beyond statutory limits [2]. - The company is accused of ignoring compliance requirements, including background checks and licensure laws for employees, as well as federally mandated special education services [2]. - Whistleblowers who documented financial directives to delay hiring and deny services were reportedly suppressed [2]. - The lawsuit also states that Stride lost existing and potential enrollments due to these practices [2]. Group 2: Legal Process - Investors who suffered losses during the relevant time frame have until January 12, 2026, to request appointment as lead plaintiff [3]. - Participation in the lawsuit does not require serving as a lead plaintiff, and class members may be entitled to compensation without any out-of-pocket costs [3]. Group 3: Firm Background - Levi & Korsinsky has a history of securing hundreds of millions of dollars for shareholders and is recognized as one of the top securities litigation firms in the U.S. [4].
STRIDE NOTICE: Stride, Inc. (LRN) Investors are Notified of Securities Fraud Class Action and to Contact BFA Law by January 12
Newsfile· 2025-12-12 13:36
Core Viewpoint - Stride, Inc. is facing a class action lawsuit for securities fraud, which has led to significant stock price drops due to alleged violations of federal securities laws [1][3]. Group 1: Lawsuit Details - A class action lawsuit has been filed against Stride, Inc. and certain senior executives for securities fraud, with investors encouraged to contact BFA Law by January 12, 2026 [1][3]. - The lawsuit claims violations under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934, and is pending in the U.S. District Court for the Eastern District of Virginia [3]. Group 2: Allegations Against Stride - Stride is accused of inflating enrollment numbers by retaining "ghost students" to secure state funding, ignoring compliance requirements, and providing a poor customer experience that led to higher withdrawal rates and lower conversion rates [4][5]. - The company had previously claimed to be experiencing growth and strong demand for its products, which is now being challenged by the allegations [4]. Group 3: Stock Price Impact - Following the fraud allegations reported on September 14, 2025, Stride's stock dropped by $18.60 per share, or over 11%, from $158.36 to $139.76 [5]. - On October 28, 2025, Stride admitted to issues with customer experience, leading to an estimated 10,000-15,000 fewer enrollments, which caused the stock to plummet by $83.48 per share, or more than 54%, from $153.53 to $70.05 [6].
Top 3 Consumer Stocks That May Rocket Higher In Q4
Benzinga· 2025-12-12 11:15
Core Insights - The consumer discretionary sector has several oversold stocks, presenting potential buying opportunities for undervalued companies [1] Group 1: Oversold Stocks - Stride Inc (NYSE:LRN) has an RSI of 29.8, with a stock price decline of approximately 55% over the past six months, closing at $63.41 [5] - Oxford Industries Inc (NYSE:OXM) has an RSI of 24.6, with a recent stock price drop of 21% over five days, closing at $31.86 [5] - Coupang Inc (NYSE:CPNG) has an RSI of 28.6, with a stock price decrease of around 10% over the past month, closing at $25.86 [5] Group 2: Company Performance and Guidance - Stride authorized a $500 million stock repurchase program, indicating confidence despite recent stock performance [5] - Oxford Industries reported third-quarter results that met expectations but issued fourth-quarter guidance below estimates, reflecting a competitive market [5] - Coupang's CEO resigned following a data breach, contributing to the stock's recent decline [5]
Top 3 Consumer Stocks That May Rocket Higher In Q4 - Coupang (NYSE:CPNG), Stride (NYSE:LRN)
Benzinga· 2025-12-12 11:15
Core Insights - The consumer discretionary sector has several oversold stocks that present potential buying opportunities for undervalued companies [1] Group 1: Oversold Stocks - Stride Inc (NYSE:LRN) has an RSI of 29.8, with a stock price decline of approximately 55% over the past six months and a 52-week low of $60.61 [5] - Oxford Industries Inc (NYSE:OXM) has an RSI of 24.6, with a stock price drop of around 21% in the last five days and a 52-week low of $30.57 [5] - Coupang Inc (NYSE:CPNG) has an RSI of 28.6, with a stock price decrease of about 10% over the past month and a 52-week low of $19.02 [5]
The Gross Law Firm Notifies Shareholders of Stride, Inc.(LRN) of a Class Action Lawsuit and an Upcoming Deadline
Prnewswire· 2025-12-11 14:00
Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Stride, Inc. regarding a class action lawsuit due to allegations of misleading practices that inflated enrollment numbers and violated compliance requirements [1][2]. Group 1: Allegations Against Stride, Inc. - Stride, Inc. is accused of inflating enrollment numbers by retaining "ghost students" [1] - The company allegedly cut staffing costs by assigning teachers caseloads beyond statutory limits [1] - Stride is claimed to have ignored compliance requirements, including background checks and licensure laws for employees, as well as federally mandated special education services [1] - The firm is also accused of suppressing whistleblowers who reported financial directives aimed at delaying hiring and denying services to maintain profit margins [1] - Allegations include losing existing and potential enrollments due to these practices [1] Group 2: Class Action Details - The class period for the lawsuit is from October 22, 2024, to October 28, 2025 [1] - Shareholders are encouraged to register for the class action by January 12, 2026, to potentially become lead plaintiffs [2] - Participants will be enrolled in a portfolio monitoring software to receive updates throughout the case lifecycle [2] Group 3: Firm's Commitment - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting investors' rights against deceit and illegal business practices [3] - The firm aims to ensure companies adhere to responsible business practices and good corporate citizenship [3] - The firm seeks recovery for investors who suffered losses due to misleading statements or omissions that led to artificial inflation of stock prices [3]
LRN INVESTOR NOTICE: Stride, Inc. Stock Dropped 50% on Upgrade Issues; Contact BFA Law about the Pending Securities Class Action
Globenewswire· 2025-12-11 13:11
Core Viewpoint - A class action lawsuit has been filed against Stride, Inc. for securities fraud, following significant stock drops attributed to alleged violations of federal securities laws [1][2]. Company Overview - Stride, Inc. is an education technology company that provides an online platform for students across the U.S. [3]. Allegations - The lawsuit claims that Stride inflated enrollment numbers by retaining "ghost students," failed to comply with employee background checks and licensure laws, and provided a poor customer experience leading to higher withdrawal rates and lower conversion rates [3][4]. Stock Performance - On September 14, 2025, Stride's stock dropped by $18.60, or over 11%, from $158.36 to $139.76 per share following the fraud allegations [4]. - On October 28, 2025, Stride admitted to issues with customer experience, resulting in an estimated 10,000-15,000 fewer enrollments, causing the stock to plummet by $83.48, or more than 54%, from $153.53 to $70.05 per share [5]. Legal Proceedings - Investors have until January 12, 2026, to request to lead the case in the U.S. District Court for the Eastern District of Virginia [2].
ROSEN, LEADING INVESTOR COUNSEL, Encourages Stride, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action - LRN
Newsfile· 2025-12-10 22:19
Core Viewpoint - Rosen Law Firm is reminding investors who purchased Stride, Inc. securities during the specified Class Period of the upcoming lead plaintiff deadline on January 12, 2026 [1]. Group 1: Class Action Details - Investors who bought Stride securities between October 22, 2024, and October 28, 2025, may be eligible for compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - A class action lawsuit has already been filed, and interested parties can join by contacting Rosen Law Firm [3][6]. - The lead plaintiff must file a motion with the Court by January 12, 2026, to represent other class members in the litigation [3]. Group 2: Law Firm Credentials - Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a successful track record in securities class actions [4]. - The firm has achieved significant settlements, including the largest securities class action settlement against a Chinese company and has consistently ranked highly in securities class action settlements since 2013 [4]. - In 2019, the firm secured over $438 million for investors, showcasing its capability in recovering funds for clients [4]. Group 3: Case Allegations - The lawsuit alleges that Stride made misleading statements regarding its products and services, inflating enrollment numbers and cutting staff costs beyond statutory limits [5]. - Stride's misrepresentation led to damages for investors when the true situation was revealed [5].
Could Stride's Free Tutoring Initiative be Its Next Brand Win?
ZACKS· 2025-12-10 17:35
Core Insights - Stride, Inc. (LRN) has rebranded its tutoring services to K12 Tutoring, offering personalized online tutoring to school students since 2022, with a focus on academic gains [1] - The company launched a free one-on-one ELA tutoring program for second and third graders, which has received positive feedback and is showing early signs of improving student engagement and performance [2][4] - Stride's integrated model of K-12 education, tutoring, and career learning provides a competitive edge over rivals like Chegg and Udemy, enhancing retention and satisfaction [3][7] Competitive Landscape - Stride competes with established players such as Chegg, Inc. and Udemy, Inc. in the digital learning space [5] - Chegg focuses on college students with a subscription model, while Udemy offers a marketplace for skills and career-oriented courses [6] - Stride's unique offering of comprehensive educational services under one platform positions it favorably against these competitors [7] Stock Performance and Valuation - LRN shares have decreased by 7% over the past month, underperforming compared to the Zacks Schools industry and the broader market [8] - The stock is currently trading at a forward P/E ratio of 7.19, indicating a discount relative to industry peers [11] - Despite recent downward revisions in earnings estimates for fiscal 2026 and 2027, the company is expected to see year-over-year improvements of 2% and 7.8%, respectively [12][15]