LRN INVESTOR ALERT: Robbins Geller Rudman & Dowd LLP Announces that Stride, Inc. Investors with Substantial Losses Have Opportunity to Lead Investor Class Action Lawsuit

Core Viewpoint - The Stride, Inc. class action lawsuit alleges significant misconduct by the company and its executives, including fraudulent practices related to enrollment numbers and compliance failures, leading to substantial financial losses for investors [3][4][5]. Group 1: Allegations Against Stride, Inc. - The lawsuit claims that Stride inflated enrollment figures by retaining "ghost students" and cut staffing costs by overloading teachers beyond statutory limits [3]. - It is alleged that Stride ignored compliance requirements, including background checks and special education services, and suppressed whistleblowers who reported financial directives to delay hiring and deny services [3]. - A complaint from Gallup-McKinley County Schools Board of Education accused Stride of fraud and deceptive practices, which resulted in a nearly 12% drop in Stride's stock price [4]. Group 2: Financial Impact and Stock Performance - Following the announcement of "poor customer experience" leading to higher withdrawal rates and lower conversion rates, Stride estimated a loss of 10,000-15,000 enrollments, causing its stock price to plummet over 54% [5]. - The class action lawsuit allows investors who suffered losses during the specified Class Period to seek appointment as lead plaintiff, representing the interests of the class [6]. Group 3: Legal Representation - Robbins Geller Rudman & Dowd LLP is leading the class action lawsuit, known for its significant recoveries in securities fraud cases, having secured over $2.5 billion for investors in 2024 alone [7].