Stride(US:LRN) Globenewswire·2025-11-24 16:48Core Viewpoint - A class action lawsuit has been filed against Stride, Inc. for violations of federal securities laws, alleging misleading statements and non-disclosure of critical operational issues during the Class Period from October 22, 2024, to October 28, 2025 [1][2]. Group 1: Allegations Against Stride, Inc. - The lawsuit claims that Stride inflated enrollment numbers by retaining "ghost students" [2]. - It is alleged that the company cut staffing costs by assigning teachers caseloads beyond statutory limits [2]. - Stride is accused of ignoring compliance requirements, including background checks and special education services mandated by federal law [2]. - The company allegedly suppressed whistleblowers who reported financial directives aimed at delaying hiring and denying services to maintain profit margins [2]. - The lawsuit states that Stride has been losing existing and potential enrollments as a result of these practices [2]. Group 2: Impact on Investors - Following the revelation of these issues, Stride's common stock experienced a significant decline, resulting in financial losses for investors [3]. - Investors who suffered losses exceeding $100,000 are encouraged to participate in the lawsuit or learn more about the lead plaintiff process [3]. Group 3: About the Law Firm - Lowey Dannenberg P.C. is a law firm specializing in representing investors who have suffered financial losses due to corporate fraud and violations of federal securities laws [4]. - The firm has a track record of prosecuting multi-million-dollar lawsuits and has recovered billions for its clients [4].