Core Viewpoint - A class action lawsuit has been filed against Stride, Inc. and its senior executives for securities fraud, following significant stock drops attributed to potential violations of federal securities laws [1][3]. Company Overview - Stride, Inc. is an education technology company that provides an online platform to students across the U.S. [4]. Allegations and Impact - The lawsuit claims that Stride inflated enrollment numbers by retaining "ghost students," failed to comply with employee background checks and licensure laws, and provided a poor customer experience, leading to higher withdrawal rates and lower conversion rates [4]. - Stride's stock price dropped significantly due to these allegations, falling by $18.60 (over 11%) from $158.36 to $139.76 per share on September 15, 2025, after a fraud complaint was reported [5]. - On October 28, 2025, Stride acknowledged that poor customer experience led to an estimated 10,000-15,000 fewer enrollments, resulting in a further stock price drop of $83.48 (over 54%) from $153.53 to $70.05 per share on October 29, 2025 [6]. Legal Proceedings - Investors have until January 12, 2026, to request to lead the case in the U.S. District Court for the Eastern District of Virginia, under the case caption MacMahon v. Stride, Inc., et al. [3].
INVESTOR NOTICE: Stride, Inc. (LRN) Investors with Losses are Notified to Contact BFA Law by January 12 Securities Fraud Class Action Deadline