NEW YORK--(BUSINESS WIRE)---- $LRN #BFA--Stride, Inc. investors that lost money are notified to contact BFA Law before the January 12, 2026 securities fraud class action deadline. ...

NEW YORK, Nov. 12, 2025 (GLOBE NEWSWIRE) -- Gainey McKenna & Egleston announces that a securities class action lawsuit has been filed in the United States District Court for the Eastern District of Virginia on behalf of all persons or entities who purchased or otherwise acquired Stride, Inc. (“Stride” or the “Company”) (NYSE: INSP) securities between October 22, 2024 and October 28, 2025, inclusive (the “Class Period”). The Complaint alleges throughout the Class Period, Stride told the market that it was “o ...

Core Viewpoint - Stride, Inc. is under investigation for potential securities fraud due to misleading statements about its performance and customer demand, which may have led to significant financial losses for investors [1][3][4]. Group 1: Company Performance and Issues - Stride, Inc. is an education technology company that claimed to experience "record demand" for its products and services during a specific period [3]. - Contrary to its claims, Stride faced severe backlash from customers due to unpopular platform changes, resulting in a poor customer experience and loss of students [4]. - The company reported a significant drop in growth rate attributed to poorly executed upgrades, leading to higher withdrawal rates and lower conversion rates [5]. Group 2: Financial Impact - On October 28, 2025, Stride disclosed that its growth rate did not meet expectations, estimating a loss of approximately 10,000-15,000 enrollments due to the negative impact of the platform changes [5]. - Following this announcement, Stride's stock price plummeted by $83.48 per share, a decline of over 54%, from $153.53 to $70.05 within a day [6].

Core Viewpoint - A class action lawsuit has been filed against Stride, Inc. for allegedly misleading investors about its business prospects and inflating enrollment numbers through unethical practices [2][3]. Allegations Against Stride, Inc. - Stride, Inc. is accused of making false statements regarding its success and capabilities in the education technology sector, claiming to be a leading company while engaging in practices such as retaining "ghost students" to inflate enrollment figures [2]. - The company allegedly cut staffing costs by overloading teachers with excessive caseloads, ignored compliance requirements, and suppressed whistleblowers who reported financial misconduct [2]. - A complaint from the Gallup-McKinley County Schools Board of Education accused Stride of fraud and deceptive practices, leading to a significant drop in stock price following the news [3]. Impact on Stock Performance - Following the allegations, Stride's stock price fell by $18.60 per share (11.7%) on September 15, 2025, after the fraud allegations were reported [3]. - On October 28, 2025, Stride announced that poor customer experience led to a loss of 10,000-15,000 enrollments, resulting in a dramatic stock price drop of $83.48 per share (over 54%) to close at $70.05 on October 29, 2025 [4].

Core Insights - Stride, Inc. is facing legal scrutiny following allegations of fraud and deceptive practices related to inflated enrollment numbers and compliance violations [5][6] - The company's stock has experienced significant declines, with a drop of 11.7% on September 15, 2025, and a further decline of up to 51% during intraday trading on October 29, 2025, following the release of disappointing financial results [6][7] Legal Issues - The Gallup-McKinley County Schools Board of Education has filed a complaint against Stride, alleging systemic violations of law and intentional misconduct [5] - The allegations include retaining "ghost students" to secure state funding and ignoring compliance requirements for employees [5] Financial Performance - In its first quarter fiscal 2026 results, Stride reported a deliberate limitation on enrollment growth due to operational issues, resulting in 10,000 to 15,000 fewer enrollments [7] - The company acknowledged "system implantation issues" that led to higher withdrawal rates and lower conversion rates, which are expected to restrict in-year enrollment growth [7]

Core Viewpoint - A securities class action lawsuit has been filed against Stride, Inc. for allegedly making misleading statements regarding its products and services, leading to inflated stock prices and subsequent damages to investors [1][4][5]. Company Overview - Stride, Inc. is a technology company based in Reston, Virginia, that provides an educational platform for online learning to students across the United States [3]. Allegations - The lawsuit claims that during the class period from October 22, 2024, to October 28, 2025, Stride misrepresented its enrollment numbers, cut staff costs excessively, ignored compliance requirements, and lost existing and potential enrollments [4]. - Defendants allegedly made materially false statements that misled investors about the company's ability to help learners reach their full potential through its educational offerings [4]. Legal Proceedings - The class action is titled MacMahon v. Stride, Inc., et al., and is filed in the U.S. District Court for the Eastern District of Virginia [1]. - Investors who purchased Stride securities during the class period and suffered damages may seek to be appointed as lead plaintiff by filing a motion by January 12, 2026 [2][8].

Core Viewpoint - Scott+Scott Attorneys at Law LLP is investigating Stride, Inc. for potentially issuing misleading statements and failing to disclose material information to investors, which may violate federal securities laws [1][3]. Company Overview - Stride, Inc. is an education management organization that offers online education as an alternative to traditional education for public school students, along with career learning programs [2]. Financial Performance - On October 28, 2025, Stride reported a financial outlook for fiscal year 2026 that did not meet analysts' expectations, citing issues with an upgraded online platform and a poor customer experience leading to higher withdrawal and lower conversion rates [3]. - Following the disappointing financial outlook, Stride's stock price plummeted by 54%, closing at $70.05 per share on October 29, 2025 [4].

Core Insights - Herbalife reaffirms its role as the Official Nutrition Partner for the IRONMAN 70.3 GOA, highlighting its commitment to supporting athletes and communities in achieving peak performance [1][3][4] Company Overview - Herbalife is a leading health and wellness company that has been providing nutrition products and business opportunities since 1980, operating in over 90 markets [5] Event Highlights - The IRONMAN 70.3 GOA featured nearly 1300 triathletes from 31 nations, showcasing human determination and strength, aligning with Herbalife's mission [1][3] - The event included a 1.9 km swim, a 90 km bike ride, and a 21.1 km run, emphasizing the endurance and discipline of the athletes [4] Partnership Significance - The partnership with IRONMAN 70.3 GOA reflects Herbalife's dedication to empowering individuals to lead healthier, more active lives, celebrating the spirit of endurance and proper nutrition [4] - Herbalife's involvement has contributed to the growth of the event, which has seen participation from athletes representing 62 nations since its inception [4]

Core Insights - Stride, Inc. is under investigation for possible violations of federal securities laws following disappointing enrollment numbers and guidance despite beating earnings expectations [1][2] - The company's stock price dropped significantly after the earnings report, indicating market reaction to the negative outlook [3] Financial Performance - Stride reported its first quarter fiscal 2026 earnings on October 28, 2025, with earnings exceeding expectations [2] - However, enrollment numbers and forward-looking guidance were significantly below market expectations, leading to concerns about the company's future performance [2] Market Reaction - Following the earnings report, Stride's stock price fell by $68.51 per share, opening at $85.02 per share [3]

Core Viewpoint - Hagens Berman is investigating Stride, Inc. for potential violations of U.S. securities laws following significant operational issues and fraud allegations that have led to a sharp decline in the company's stock price [1][4]. Group 1: Operational Issues - Stride reported Q1 earnings that were negatively impacted by a major platform disruption, which caused the company to miss between 10,000 and 15,000 enrollments out of a total of 247,700 [6]. - CEO James Rhyu acknowledged that the implementation of the upgraded platform did not go as planned, resulting in higher withdrawal rates and lower conversion rates than expected [6]. - The company's guidance for 2026 forecasts only 5% sales growth, a significant decrease from the annualized sales growth of 19% over the past five years, prompting a cautious market response [6]. Group 2: Fraud Allegations - Prior to the current investigation, a complaint was filed by Gallup-McKinley against Stride, alleging fraud and deceptive practices that prioritized profits over student welfare, which led to an 11% drop in stock price [3][4]. - Allegations include artificially inflating student enrollment figures by including "ghost students," increasing student-to-teacher ratios to boost profit margins, and employing insufficiently licensed teachers [7]. - The company is also accused of using unlawful business practices to lower overhead costs intentionally, thereby inflating stock values [7]. Group 3: Investor Actions - Hagens Berman is urging investors who have suffered significant losses to submit their claims and is seeking individuals with knowledge that may assist in the investigation [2][5]. - The firm is also encouraging whistleblowers with non-public information regarding Stride to consider their options to aid in the investigation, with potential rewards under the SEC Whistleblower program [9].