NEW YORK, Nov. 17, 2025 (GLOBE NEWSWIRE) -- Bernstein Liebhard LLP, a nationally acclaimed investor rights law firm, reminds Stride, Inc. (“Stride” or the “Company”) (NYSE: LRN) investors of an upcoming deadline involving a securities fraud class action lawsuit commenced against the Company. Should You Join This Class Action Lawsuit? Do you, or did you, own shares of Stride, Inc. (NYSE: LRN)?Did you purchase your shares between October 22, 2024 and October 28, 2025, inclusive?Did you lose money in your inve ...

Core Viewpoint - A class action lawsuit has been filed against Stride, Inc. for securities fraud, following significant stock drops attributed to potential violations of federal securities laws [1][2]. Group 1: Lawsuit Details - The lawsuit is pending in the U.S. District Court for the Eastern District of Virginia, under the case caption MacMahon v. Stride, Inc., et al., No. 1:25-cv-02019 [2]. - Investors have until January 12, 2026, to request to be appointed to lead the case [2]. Group 2: Allegations Against Stride - Stride, an education technology company, allegedly inflated enrollment numbers by retaining "ghost students" and ignored compliance requirements, leading to a poor customer experience [3]. - The company claimed to be experiencing growth and strong demand, which is contradicted by the allegations of inflated enrollment and higher withdrawal rates [3]. Group 3: Stock Price Impact - Following the fraud allegations reported on September 14, 2025, Stride's stock dropped by $18.60, or over 11%, from $158.36 to $139.76 per share [4]. - On October 28, 2025, Stride admitted to issues resulting in 10,000-15,000 fewer enrollments, causing its stock to plummet by $83.48, or more than 54%, from $153.53 to $70.05 per share [5].

Core Viewpoint - Stride, Inc. is facing a class action lawsuit alleging violations of the Securities Exchange Act of 1934, with claims of misleading statements and non-compliance with legal requirements during the class period from October 22, 2024, to October 28, 2025 [1][3]. Allegations - The lawsuit claims that Stride inflated enrollment numbers by retaining "ghost students" and cut staffing costs by overloading teachers beyond statutory limits [3]. - It is alleged that Stride ignored compliance requirements, including background checks and special education services, and suppressed whistleblowers who reported financial directives to delay hiring and deny services [3]. - A complaint from Gallup-McKinley County Schools against Stride included allegations of fraud and deceptive practices, leading to a nearly 12% drop in Stride's stock price [4]. - Following a report of "poor customer experience," Stride estimated a loss of 10,000-15,000 enrollments, resulting in a more than 54% decline in stock price [5]. Legal Process - Investors who purchased Stride securities during the class period can seek appointment as lead plaintiff in the lawsuit, representing the interests of the class [6]. Firm Background - Robbins Geller Rudman & Dowd LLP is a leading law firm in securities fraud litigation, having recovered over $2.5 billion for investors in 2024 alone [7].

Core Viewpoint - Rosen Law Firm has announced a class action lawsuit on behalf of purchasers of securities of Stride, Inc. for the period between October 22, 2024, and October 28, 2025, due to misleading statements and omissions regarding the company's products and services [1][5]. Group 1: Lawsuit Details - The class action lawsuit claims that Stride, Inc. made misleading statements about its products and services aimed at public and private schools, which included inflated enrollment numbers and non-compliance with statutory requirements [5]. - Investors are entitled to compensation without any out-of-pocket fees through a contingency fee arrangement if they purchased Stride, Inc. securities during the class period [2]. Group 2: Next Steps for Investors - Interested investors can join the class action by visiting the provided link or contacting the law firm directly for more information [3][6]. - A lead plaintiff must file a motion with the court by January 12, 2026, to represent other class members in the litigation [1][3]. Group 3: Rosen Law Firm's Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved significant settlements, including the largest securities class action settlement against a Chinese company [4]. - The firm has been consistently ranked among the top firms for securities class action settlements and has recovered hundreds of millions of dollars for investors [4].

Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Stride, Inc. due to allegations of securities law violations, urging affected investors to contact them before the January 12, 2026 deadline for lead plaintiff applications in a federal class action lawsuit [2][5]. Group 1: Allegations Against Stride, Inc. - The complaint alleges that Stride and its executives made false or misleading statements and failed to disclose critical information regarding their products and services to educational institutions [5]. - Stride is accused of inflating enrollment numbers, cutting staff costs excessively, ignoring compliance requirements, and losing both existing and potential enrollments [5]. - A report indicated that the Gallup-McKinley County Schools Board of Education filed a complaint against Stride for fraud and deceptive practices, including retaining "ghost students" to secure state funding [6]. Group 2: Stock Price Impact - Following the allegations, Stride's stock price dropped by $18.60, or 11.7%, closing at $139.76 per share on September 15, 2025, negatively impacting investors [7]. - On October 28, 2025, Stride reported a deliberate limitation on enrollment growth and acknowledged "system implementation issues," leading to a significant drop in enrollments by approximately 10,000 to 15,000 [8]. - The stock price fell as much as 51% during intraday trading on October 29, 2025, further injuring investors [8].

Core Viewpoint - Stride, Inc. is facing a class action lawsuit for securities fraud due to significant stock drops linked 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, asserting claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 [3]. - Investors have until January 12, 2026, to request to be appointed to lead the case, which 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," neglecting compliance requirements, and providing a poor customer experience, leading to higher withdrawal rates and lower conversion rates [4]. - The company claimed to be experiencing growth and strong demand, which is now alleged to be misleading [4]. Group 3: Stock Price Impact - Following the fraud allegations reported on September 14, 2025, Stride's stock dropped by $18.60, or over 11%, from $158.36 to $139.76 per share [5]. - On October 28, 2025, Stride acknowledged that poor customer experience led to 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 [6].

Core Points - Rosen Law Firm has announced a class action lawsuit on behalf of investors who purchased securities of Stride, Inc. between October 22, 2024, and October 28, 2025, with a deadline for lead plaintiff applications set for January 12, 2026 [1][3] Group 1: Class Action Details - Investors who purchased Stride, Inc. securities during the specified Class Period may be entitled to 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 lawsuit alleges that Stride made misleading statements regarding its products and services, inflating enrollment numbers and cutting staff costs beyond statutory limits, which led to investor damages when the truth was revealed [5] Group 2: Rosen Law Firm's Credentials - Rosen Law Firm emphasizes the importance of selecting qualified counsel with a successful track record in securities class actions, highlighting its own achievements, including the largest securities class action settlement against a Chinese company [4] - The firm has been ranked highly for its number of securities class action settlements and has recovered hundreds of millions of dollars for investors, including over $438 million in 2019 alone [4]

Core Viewpoint - A class action lawsuit has been filed against Stride, Inc. for securities fraud, following significant stock drops attributed to potential 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]. - The lawsuit is filed under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 [2].

Core Points - Stride, Inc. is facing a securities class action lawsuit for failing to disclose material information during the class period from October 22, 2024, to October 28, 2025 [1][3] - The lawsuit is pending in the United States District Court for the Eastern District of Virginia, and investors have until January 12, 2026, to file lead plaintiff applications [1][6] Company Issues - On September 14, 2025, Gallup-McKinley County Schools Board of Education filed a complaint against Stride, alleging fraud and deceptive trade practices, including inflating enrollment numbers by retaining "ghost students" [4] - Following this news, Stride's share price dropped by $18.60, or 11.7%, closing at $139.76 on September 15, 2025 [4] - On October 28, 2025, Stride disclosed that "poor customer experience" led to higher withdrawal rates and lower conversion rates, resulting in an estimated 10,000-15,000 fewer enrollments, which negatively impacted the company's outlook [5] - This announcement caused Stride's share price to plummet by $83.48, or over 54%, closing at $70.05 on October 29, 2025 [5]

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] Summary by Sections Class Definition - The lawsuit aims to recover losses for investors adversely affected by alleged fraudulent activities during the specified period [1] Case Details - Allegations against Stride include: - Inflating enrollment numbers by retaining "ghost students" [2] - Cutting staffing costs by assigning teachers excessive caseloads beyond statutory limits [2] - Ignoring compliance requirements, including background checks and licensure laws for employees [2] - Suppressing whistleblowers who documented directives to delay hiring and deny services to maintain profit margins [2] - Losing existing and potential enrollments [2] Next Steps - Investors who suffered losses during the relevant timeframe 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 incurs no out-of-pocket costs for class members [3] Why Levi & Korsinsky - The firm has a history of securing hundreds of millions for shareholders and is recognized as one of the top securities litigation firms in the U.S. [4]