Stride, Inc. (LRN) Investors are Encouraged to Act before the Upcoming January 12 Securities Fraud Deadline – Contact BFA Law if You Lost Money
StrideStride(US:LRN) Globenewswire·2025-12-05 13:19

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 and Stock Impact - Allegations include inflating enrollment numbers by retaining "ghost students," ignoring compliance requirements, and providing a "poor customer experience" leading to higher withdrawal rates and lower conversion rates [3] - On September 14, 2025, a report of fraud allegations caused Stride's stock to drop by $18.60, or over 11%, from $158.36 to $139.76 per share [4] - Following an admission of poor customer experience on October 28, 2025, Stride's stock plummeted by $83.48, or more than 54%, from $153.53 to $70.05 per share [5]