Stride(US:LRN) Globenewswire·2025-12-17 23:03Core Viewpoint - A class action lawsuit has been filed against Stride, Inc. for allegedly misleading investors regarding its products and services, leading to significant financial losses for shareholders [3]. Group 1: Lawsuit Details - The lawsuit covers investors who purchased securities from October 22, 2024, to October 28, 2025, alleging that Stride made false statements about its educational products and services [3]. - Allegations include inflating enrollment numbers, excessive staff cost cuts, and non-compliance with legal requirements, which misled investors about the company's performance [3]. Group 2: Impact of Allegations - On September 14, 2025, a complaint was filed by the Gallup-McKinley County Schools Board against Stride, claiming fraud and deceptive practices, which led to a share price drop of $18.60, or approximately 11.7%, from $158.36 to $139.76 [4]. - Following an announcement on October 28, 2025, regarding poor customer experience leading to a loss of 10,000-15,000 enrollments, Stride's share price plummeted by $83.48, or about 54.4%, from $153.53 to $70.05 [5].