Stride(US:LRN) Globenewswire·2025-11-09 13:47Core Viewpoint - Stride, Inc. is facing legal scrutiny and potential claims due to allegations of fraud and deceptive practices, which have significantly impacted its stock price and investor confidence [3][4][5]. Group 1: Legal Issues - The Gallup-McKinley County Schools Board of Education filed a complaint against Stride, alleging fraud, deceptive trade practices, and systemic violations, including inflating enrollment numbers by retaining "ghost students" [3]. - Faruqi & Faruqi, LLP is investigating potential claims against Stride for investors who suffered significant losses [1][2]. Group 2: Stock Performance - Following the complaint on September 14, 2025, Stride's stock price fell by $18.60, or 11.7%, closing at $139.76 per share on September 15, 2025 [4]. - On October 28, 2025, Stride reported first quarter fiscal 2026 results, indicating a deliberate limitation on enrollment growth and issues with system implementation, leading to approximately 10,000 to 15,000 fewer enrollments [5]. - The stock price of Stride fell as much as 51% during intraday trading on October 29, 2025, further injuring investors [5].