Johnson Fistel Investigates Stride, Inc; Shareholders Encouraged to Contact the Firm to Discuss Their Rights
StrideStride(US:LRN) Globenewswire·2025-10-29 14:57

Core Viewpoint - Johnson Fistel, PLLP is investigating Stride, Inc. for potential violations of securities laws related to misrepresentation and failure to disclose material information to investors [1] Group 1: Legal Issues - Gallup-McKinley County Schools Board of Education filed a complaint against Stride, alleging fraud and deceptive trade practices, including the retention of "ghost students" to inflate enrollment figures for state funding [2] - The complaint also highlights Stride's neglect of essential compliance requirements, such as employee background checks and licensure [2] Group 2: Stock Performance - Following the announcement of the complaint, Stride's stock price fell approximately 11% [2] - After Stride reported its first quarter fiscal year 2026 results for the period ended September 30, 2025, shares declined as much as 43% [3]