LRN NEWS: Stride, Inc. Sued for Securities Fraud after Stock Plummets 50% -- Investors Notified to Contact BFA Law by January 12 Deadline

Core Points - A class action lawsuit has been filed against Stride, Inc. and its senior executives for securities fraud following significant stock drops due to potential violations of federal securities laws [1][2] - Investors have until January 12, 2026, to seek appointment as lead plaintiffs in the case, which is pending in the U.S. District Court for the Eastern District of Virginia [2] Company Overview - Stride, Inc. is an education technology company that provides an online platform for students across the U.S. [3] - The company previously claimed to experience "increasing growth" and "in-year strength in demand" for its products and services [3] Allegations - The lawsuit alleges that Stride inflated enrollment numbers by retaining "ghost students," failed to comply with employee background checks and licensure laws, and provided a "poor customer experience" leading to higher withdrawal rates and lower conversion rates [3][4] - Stride's admission of poor customer experience resulted in an estimated 10,000-15,000 fewer enrollments, leading to a muted outlook compared to previous years [5] Stock Performance - Following the fraud allegations reported on September 14, 2025, Stride's stock dropped by $18.60, or over 11%, from $158.36 to $139.76 per share [4] - After Stride's admission of poor customer experience on October 28, 2025, the stock plummeted by $83.48, or more than 54%, from $153.53 to $70.05 per share [5]