LRN INVESTOR DEADLINE: Stride, Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit

Core Viewpoint - The law firm Robbins Geller Rudman & Dowd LLP has announced a class action lawsuit against Stride, Inc. for alleged violations of the Securities Exchange Act of 1934, involving misleading statements and non-disclosure of critical operational issues during the specified class period [1][3]. Summary by Sections Class Action Details - Purchasers or acquirers of Stride, Inc. securities from October 22, 2024, to October 28, 2025, have until January 12, 2026, to seek lead plaintiff status in the class action lawsuit [1]. - The lawsuit is titled MacMahon v. Stride, Inc., No. 25-cv-02019 (E.D. Va.) [1]. Allegations Against Stride - The lawsuit alleges that Stride inflated enrollment numbers by retaining "ghost students," cut staffing costs by overloading teachers, ignored compliance requirements, suppressed whistleblowers, and lost existing and potential enrollments [3]. - A complaint filed by the Gallup-McKinley County Schools Board of Education against Stride included allegations of fraud and deceptive practices, which led to a nearly 12% drop in Stride's stock price [4]. - Following a report on poor customer experience leading to higher withdrawal rates and lower conversion rates, Stride estimated a loss of 10,000-15,000 enrollments, resulting in a more than 54% decline in stock price [5]. Legal Process - The Private Securities Litigation Reform Act of 1995 allows any investor who purchased Stride securities during the class period to seek lead plaintiff status, which enables them to act on behalf of other class members [6]. About Robbins Geller - Robbins Geller Rudman & Dowd LLP is a leading law firm in securities fraud and shareholder litigation, having recovered over $2.5 billion for investors in 2024 alone [7].