LRN INVESTORS: Contact Kirby McInerney LLP About Securities Class Action Lawsuit On Behalf of Stride, Inc.
StrideStride(US:LRN) Globenewswire·2025-12-10 01:00

Group 1 - The lawsuit against Stride, Inc. is based on allegations of misleading statements and omissions regarding the company's products and services, which affected investors who purchased securities between October 22, 2024, and October 28, 2025 [2] - Stride is accused of inflating enrollment numbers, cutting staff costs excessively, and ignoring compliance requirements, which misled investors about the company's performance [2] - A complaint filed by the Gallup-McKinley County Schools Board of Education alleged fraud and deceptive practices, leading to a significant drop in Stride's share price by approximately 11.7% following the news [3] Group 2 - On October 28, 2025, Stride reported that "poor customer experience" led to a decline in enrollments by an estimated 10,000-15,000 students, resulting in a 54.4% drop in share price [4] - The company's outlook was described as "muted" compared to previous years due to the impact of these issues on enrollment and conversion rates [4]

LRN INVESTORS: Contact Kirby McInerney LLP About Securities Class Action Lawsuit On Behalf of Stride, Inc. - Reportify