Portnoy Law Firm Announces Class Action on Behalf of Stride, Inc. Investors

Core Viewpoint - Stride, Inc. is facing a class action lawsuit due to allegations of fraud and misconduct, which has significantly impacted its stock price and investor confidence [1][3]. 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]. - Stride investors have until January 12, 2026, to file a lead plaintiff motion in the class action lawsuit [1]. Group 2: Financial Impact - Following the allegations, Stride's stock price dropped by $18.60 per share, or 11.7%, closing at $139.76 on September 15, 2025 [3]. - On October 28, 2025, Stride reported that "poor customer experience" led to an estimated 10,000 to 15,000 fewer enrollments, resulting in a stock price decline of $83.48 per share, or 54.37%, closing at $70.05 on October 29, 2025 [3]. Group 3: Investor Support - The Portnoy Law Firm is offering complimentary case evaluations for investors affected by Stride's alleged corporate wrongdoing [2][4]. - The firm has a history of recovering over $5.5 billion for aggrieved investors, indicating a strong track record in pursuing claims [4].