Core Viewpoint - Stride, Inc. is facing a securities class action lawsuit due to allegations of failing to disclose material information and engaging in fraudulent practices, which has led to significant financial losses for investors [3][4]. Group 1: Lawsuit Details - Investors who suffered substantial losses from Stride's securities between October 22, 2024, and October 28, 2025, have until January 12, 2026, to file lead plaintiff applications [1]. - The lawsuit is pending in the United States District Court for the Eastern District of Virginia, under the case name MacMahon v. Stride, Inc., et al. [6]. - Allegations against Stride include fraud, deceptive trade practices, and systemic violations of law, particularly related to inflating enrollment numbers to secure state funding [4]. Group 2: Financial Impact - Following the complaint filed by the Gallup-McKinley County Schools Board of Education, Stride's share price dropped by $18.60, or 11.7%, closing at $139.76 on September 15, 2025 [4]. - On October 28, 2025, Stride disclosed that poor customer experience led to an estimated 10,000-15,000 fewer enrollments, resulting in a share price decline of $83.48, or over 54%, closing at $70.05 on October 29, 2025 [5].
Stride, Inc. Securities Fraud Class Action Result of Customer Experience Issues and +54% Stock Decline - Investors may Contact Lewis Kahn, Esq, at Kahn Swick & Foti, LLC