Workflow
Stride(LRN)
icon
Search documents
Stride, Inc. Sued for Securities Law Violations - Contact the DJS Law Group to Discuss Your Rights – LRN
Businesswire· 2025-11-26 22:24
Core Points - Stride, Inc. is facing a lawsuit for alleged violations of securities laws [1] Company Summary - The lawsuit has been filed by the DJS Law Group, indicating potential legal challenges for Stride, Inc. [1]
Berger Montague PC Investigating Claims on Behalf of Stride, Inc. (NYSE: LRN) Investors After Class Action Filing
Prnewswire· 2025-11-26 16:06
Core Points - A class action lawsuit has been filed against Stride, Inc. on behalf of investors who purchased securities during the period from October 22, 2024, to October 28, 2025 [1][2] - The lawsuit follows reports of a school district suing Stride for fraud and deceptive trade practices, along with Stride's announcement of poor customer experience leading to higher withdrawal rates and fewer enrollments [3] Company Overview - Stride, Inc. is based in Reston, Virginia, and provides online and blended education services to schools and school districts across the United States [2] Legal Context - Investors who purchased Stride securities during the class period have until January 12, 2026, to seek appointment as lead plaintiff representative [2] - The law firm Berger Montague, which specializes in complex civil litigation and class actions, is leading the lawsuit [5]
Stride (LRN) Securities Class Action Pending Over Enrollment Drop, Compliance Allegations -- Hagens Berman
Prnewswire· 2025-11-26 13:50
Core Viewpoint - Stride, Inc. is facing a securities class action lawsuit from shareholders due to significant operational and compliance challenges that have led to a sharp decline in its stock price [1] Company Overview - Stride, Inc. is one of the largest providers of online educational services in the United States [1] Legal Proceedings - Hagens Berman, a prominent shareholder rights law firm, is investigating legal claims against Stride and its executives, urging affected investors to report their losses [2] - The class action lawsuit covers the period from October 22, 2024, to October 28, 2025, with a lead plaintiff deadline set for January 12, 2026 [3] Allegations - The lawsuit focuses on Stride's misleading assurances regarding its business model and enrollment figures, particularly after the cancellation of a contract with Gallup-McKinley [3] - Allegations include inflated student enrollment numbers through "ghost students," increased student-to-teacher ratios, and insufficiently licensed teachers, all aimed at inflating stock values [4][8] Impact on Enrollment - Stride reported that "poor customer experience" led to an estimated loss of 10,000 to 15,000 enrollments [5] Financial Forecast - The company has forecasted a sales growth of only 5% for 2026, a significant decline from the previous five years' annualized sales growth of 19%, raising concerns among investors [6] Investigation Focus - The investigation aims to determine the extent of company leadership's awareness of operational and compliance deficiencies prior to public disclosures and whether these misrepresentations constitute securities fraud [7]
LRN SECURITIES ALERT: BFA Law Notifies Stride, Inc. Shareholders of Pending Securities Fraud Class Action and Upcoming January 12 Deadline
Newsfile· 2025-11-26 12:17
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 [2][4]. Group 1: Lawsuit Details - The lawsuit is pending in the U.S. District Court for the Eastern District of Virginia, with claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 [4]. - Investors have until January 12, 2026, to request to lead the case [4]. 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 [5]. - The company claimed to be experiencing growth and high demand, which is contradicted by the allegations of inflated enrollment figures and high withdrawal rates [5]. Group 3: Stock Performance Impact - On September 14, 2025, a report of the lawsuit caused Stride's stock to drop by $18.60, or over 11%, from $158.36 to $139.76 per share [6]. - Following an admission of poor customer experience on October 28, 2025, Stride's stock plummeted by $83.48, or more than 54%, from $153.53 to $70.05 per share [7].
Levi & Korsinsky Reminds Stride Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of January 12, 2026 – LRN
Globenewswire· 2025-11-25 21:15
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 appointment 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]
Class Action Filed Against Stride, Inc. (LRN) - January 12, 2026 Deadline to Join - Contact Levi & Korsinsky
Prnewswire· 2025-11-25 13:45
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, Inc. - 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, which included delaying hiring and denying services to maintain 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 specified timeframe 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, LLP 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 leading securities litigation firms in the U.S. [4].
INVESTOR REMINDER: Important Stride, Inc. Securities Class Action Deadline Approaching on January 12 for Investors with Losses – Contact BFA Law
Globenewswire· 2025-11-25 13:33
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 (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 (over 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, A TRUSTED AND LEADING LAW FIRM, Encourages Stride, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – LRN
Globenewswire· 2025-11-24 23:18
Core Viewpoint - Rosen Law Firm is reminding investors who purchased Stride, Inc. securities during the specified Class Period of the upcoming lead plaintiff deadline for a class action lawsuit [1][2] Group 1: Class Action Details - The Class Period for the Stride securities is from October 22, 2024, to October 28, 2025, and the lead plaintiff deadline is January 12, 2026 [1] - Investors may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [1] Group 2: Legal Representation - Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a successful track record in securities class actions [3] - The firm has achieved significant settlements, including the largest securities class action settlement against a Chinese company and has been ranked highly for its success in this area [3] Group 3: Allegations Against Stride, Inc. - The lawsuit alleges that Stride made misleading statements regarding its products and services, inflating enrollment numbers and cutting staff costs beyond statutory limits [4] - The firm claims that these actions led to damages for investors when the true situation was revealed [4]
The Gross Law Firm Reminds Stride Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of January 12, 2026 – LRN
Globenewswire· 2025-11-24 20:02
Core Viewpoint - The Gross Law Firm is notifying shareholders of Stride, Inc. about a class action lawsuit related to alleged fraudulent activities and mismanagement during a specified class period [1][3]. Allegations - Stride, Inc. is accused of inflating enrollment numbers by retaining "ghost students" [3]. - The company allegedly cut staffing costs by assigning teachers caseloads beyond statutory limits [3]. - Stride is claimed to have ignored compliance requirements, including background checks and licensure laws for employees, as well as federally mandated special education services [3]. - The firm is accused of suppressing whistleblowers who reported financial directives aimed at delaying hiring and denying services to maintain profit margins [3]. - Stride reportedly lost existing and potential enrollments due to these practices [3]. Class Action Details - The class period for the lawsuit is from October 22, 2024, to October 28, 2025 [3]. - Shareholders are encouraged to register for the class action by January 12, 2026, to be eligible for potential recovery [4]. - Participants will be enrolled in a portfolio monitoring system to receive updates on the case [4]. Law Firm Background - The Gross Law Firm is a nationally recognized class action law firm focused on protecting investors' rights against deceit and fraud [5]. - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors affected by misleading statements [5].
Lowey Dannenberg Notifies Stride, Inc. (“Stride” or the “Company”) (NYSE: LRN) Investors of Securities Class Action Lawsuit and Encourages Investors with more than $100,000 in Losses to Contact the Firm
Globenewswire· 2025-11-24 16:48
Core Viewpoint - A class action lawsuit has been filed against Stride, Inc. for violations of federal securities laws, alleging misleading statements and non-disclosure of critical operational issues during the Class Period from October 22, 2024, to October 28, 2025 [1][2]. Group 1: Allegations Against Stride, Inc. - The lawsuit claims that Stride inflated enrollment numbers by retaining "ghost students" [2]. - It is alleged that the company cut staffing costs by assigning teachers caseloads beyond statutory limits [2]. - Stride is accused of ignoring compliance requirements, including background checks and special education services mandated by federal law [2]. - The company allegedly suppressed whistleblowers who reported financial directives aimed at delaying hiring and denying services to maintain profit margins [2]. - The lawsuit states that Stride has been losing existing and potential enrollments as a result of these practices [2]. Group 2: Impact on Investors - Following the revelation of these issues, Stride's common stock experienced a significant decline, resulting in financial losses for investors [3]. - Investors who suffered losses exceeding $100,000 are encouraged to participate in the lawsuit or learn more about the lead plaintiff process [3]. Group 3: About the Law Firm - Lowey Dannenberg P.C. is a law firm specializing in representing investors who have suffered financial losses due to corporate fraud and violations of federal securities laws [4]. - The firm has a track record of prosecuting multi-million-dollar lawsuits and has recovered billions for its clients [4].