Stride(US:LRN) Globenewswire·2025-11-24 20:02Core Viewpoint - The Gross Law Firm is notifying shareholders of Stride, Inc. about a class action lawsuit related to alleged fraudulent activities and mismanagement during a specified class period [1][3]. Allegations - Stride, Inc. is accused of inflating enrollment numbers by retaining "ghost students" [3]. - The company allegedly cut staffing costs by assigning teachers caseloads beyond statutory limits [3]. - Stride is claimed to have ignored compliance requirements, including background checks and licensure laws for employees, as well as federally mandated special education services [3]. - The firm is accused of suppressing whistleblowers who reported financial directives aimed at delaying hiring and denying services to maintain profit margins [3]. - Stride reportedly lost existing and potential enrollments due to these practices [3]. Class Action Details - The class period for the lawsuit is from October 22, 2024, to October 28, 2025 [3]. - Shareholders are encouraged to register for the class action by January 12, 2026, to be eligible for potential recovery [4]. - Participants will be enrolled in a portfolio monitoring system to receive updates on the case [4]. Law Firm Background - The Gross Law Firm is a nationally recognized class action law firm focused on protecting investors' rights against deceit and fraud [5]. - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors affected by misleading statements [5].