LRN NOTIFICATION: BFA Law Notifies Stride, Inc. Investors of the Pending Class Action Lawsuit and Upcoming January 12 Legal Deadline

Core Viewpoint - A class action lawsuit has been filed against Stride, Inc. for securities fraud, following significant stock drops attributed to alleged violations of federal securities laws [1][3]. Group 1: Lawsuit Details - The lawsuit is pending in the U.S. District Court for the Eastern District of Virginia, titled MacMahon v. Stride, Inc., et al., No. 1:25-cv-02019 [3]. - Investors have until January 12, 2026, to request to be appointed to lead the case [3]. Group 2: Allegations Against Stride - Stride is accused of inflating enrollment numbers by retaining "ghost students" and failing to comply with employee background checks and licensure laws [4][5]. - The company claimed to experience growth and high demand for its services, which is contradicted by the allegations of poor customer experience leading to higher withdrawal rates and lower conversion rates [4]. Group 3: Stock Performance Impact - On September 14, 2025, a report of the lawsuit caused Stride's stock to drop by $18.60 per share, over 11%, from $158.36 to $139.76 [5]. - Following Stride's admission of poor customer experience on October 28, 2025, the stock plummeted by $83.48 per share, more than 54%, from $153.53 to $70.05 [6].