LRN INVESTOR NOTICE: Stride, Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit
StrideStride(US:LRN) Prnewswire·2025-11-17 14:40

Core Viewpoint - Stride, Inc. is facing a class action lawsuit alleging violations of the Securities Exchange Act of 1934, with claims of misleading statements and non-disclosure of critical operational issues during the class period from October 22, 2024, to October 28, 2025 [1][3]. Allegations Against Stride, Inc. - The lawsuit claims that Stride inflated enrollment numbers by retaining "ghost students" and cut staffing costs by overloading teachers beyond statutory limits [3]. - It is alleged that Stride ignored compliance requirements, including background checks and special education services, and suppressed whistleblowers who reported financial directives to delay hiring and deny services [3]. - A complaint from the Gallup-McKinley County Schools Board of Education accused Stride of fraud and deceptive practices, leading to a nearly 12% drop in stock price following the news [4]. - On October 28, 2025, Stride reported that "poor customer experience" resulted in an estimated 10,000-15,000 fewer enrollments, causing its stock price to fall over 54% [5]. Legal Process and Representation - Investors who purchased Stride securities during the class period can seek appointment as lead plaintiff in the class action lawsuit, which allows them to act on behalf of all class members [6]. - The lead plaintiff can select a law firm of their choice to litigate the case, and participation as lead plaintiff does not affect the ability to share in any potential recovery [6]. About Robbins Geller Rudman & Dowd LLP - Robbins Geller is a leading law firm specializing in securities fraud and shareholder litigation, having recovered over $2.5 billion for investors in 2024 alone [7]. - The firm has been recognized for securing the most monetary relief for investors and has a significant track record in handling large securities class action recoveries [7].