LRN: Kirby McInerney LLP Advises Stride, Inc. Investors of Class Action Lawsuit

Core Viewpoint - Stride, Inc. is facing a securities fraud class action lawsuit due to allegations of misleading statements and omissions regarding its products and services, which have resulted in significant financial losses for investors [3][4][5]. Summary by Sections Lawsuit Details - The lawsuit is on behalf of investors who purchased Stride securities from October 22, 2024, to October 28, 2025, alleging that the company inflated enrollment numbers and cut staff costs beyond statutory limits while ignoring compliance requirements [3]. Allegations and Impact - A complaint was filed by the Gallup-McKinley County Schools Board of Education against Stride, alleging fraud and deceptive practices, including retaining "ghost students" to secure state funding, which led to a significant drop in share price by approximately 11.7% [4]. - On October 28, 2025, Stride reported that "poor customer experience" resulted in an estimated 10,000-15,000 fewer enrollments, causing a dramatic decline in share price by approximately 54.4% [5]. Investor Actions - Investors who suffered losses on their Stride investments have until January 12, 2026, to request lead plaintiff appointment in the class action lawsuit [2].