Investor Alert: Robbins LLP Informs Investors of the Stride, Inc. Class Action Lawsuit

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].