Stride(US:LRN) Globenewswire·2025-12-04 01:00Core Viewpoint - Stride, Inc. is facing a federal securities class action lawsuit due to allegations of misleading statements regarding its products and services, which has led to significant declines in its stock price [3][4][5]. Group 1: Lawsuit Details - The lawsuit is on behalf of investors who purchased Stride securities between October 22, 2024, and October 28, 2025, alleging that the company inflated enrollment numbers and cut staff costs beyond statutory limits [3]. - A complaint was filed by the Gallup-McKinley County Schools Board of Education against Stride, alleging fraud and deceptive practices, including retaining "ghost students" to secure state funding [4]. - Following the complaint, Stride's share price dropped by $18.60, approximately 11.7%, from $158.36 to $139.76 [4]. Group 2: Impact on Company Performance - On October 28, 2025, Stride announced that "poor customer experience" led to a significant drop in enrollments, estimating a loss of 10,000-15,000 students, which resulted in a muted outlook for the company [5]. - The announcement caused Stride's share price to plummet by $83.48, or approximately 54.4%, from $153.53 to $70.05 [5].