Levi & Korsinsky Reminds Stride Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of January 12, 2026 - LRN
StrideStride(US:LRN) Prnewswire·2025-12-12 14:00

Core Viewpoint - A class action securities lawsuit has been filed against Stride, Inc. for alleged securities fraud affecting investors between October 22, 2024, and October 28, 2025 [1]. Group 1: Allegations - The lawsuit claims that Stride inflated enrollment numbers by retaining "ghost students" [2]. - It is alleged that Stride cut staffing costs by assigning teachers' caseloads beyond statutory limits [2]. - The company is accused of ignoring compliance requirements, including background checks and licensure laws for employees, as well as federally mandated special education services [2]. - Whistleblowers who documented financial directives to delay hiring and deny services were reportedly suppressed [2]. - The lawsuit also states that Stride lost existing and potential enrollments due to these practices [2]. Group 2: Legal Process - Investors who suffered losses during the relevant time frame have until January 12, 2026, to request appointment as lead plaintiff [3]. - Participation in the lawsuit does not require serving as a lead plaintiff, and class members may be entitled to compensation without any out-of-pocket costs [3]. Group 3: Firm Background - Levi & Korsinsky has a history of securing hundreds of millions of dollars for shareholders and is recognized as one of the top securities litigation firms in the U.S. [4].