Stride(US:LRN) Globenewswire·2025-12-17 21:13Core Viewpoint - The Gross Law Firm is notifying shareholders of Stride, Inc. regarding a class action lawsuit due to allegations of misleading practices that inflated enrollment numbers and compromised compliance with educational regulations [1][3]. Group 1: Allegations Against Stride, Inc. - Stride, Inc. is accused of inflating enrollment figures by retaining "ghost students" [3]. - The company allegedly cut staffing costs by assigning teachers caseloads beyond statutory limits [3]. - Stride is claimed to have ignored compliance requirements, including background checks and licensure laws for employees, as well as federally mandated special education services [3]. - The firm is also accused of suppressing whistleblowers who reported financial directives aimed at delaying hiring and denying services to maintain profit margins [3]. - These actions reportedly led to a loss of existing and potential enrollments [3]. Group 2: Class Action Details - The class period for the lawsuit is defined as October 22, 2024, to October 28, 2025 [3]. - Shareholders are encouraged to register for the class action by January 12, 2026, to be eligible for potential recovery [4]. - Once registered, shareholders will receive updates through a portfolio monitoring software regarding the case's progress [4]. Group 3: Law Firm's Commitment - The Gross Law Firm aims to protect investors' rights against deceit, fraud, and illegal business practices [5]. - The firm emphasizes its commitment to ensuring companies engage in responsible business practices and good corporate citizenship [5].