LRN LEGAL NOTICE: Lose Money on Stride, Inc.? You may have been Affected by Fraud and are Urged to Contact BFA Law by January 12 Deadline
StrideStride(US:LRN) Globenewswire·2025-12-19 12:18

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][2]. Company Overview - Stride, Inc. is an education technology company that provides an online platform for students across the U.S. [3]. Allegations - 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 [3][4]. Stock Performance - On September 14, 2025, Stride's stock dropped by $18.60 per share (over 11%), from $158.36 to $139.76, following reports of fraud and deceptive practices [4]. - On October 28, 2025, Stride acknowledged that poor customer experience led to an estimated 10,000-15,000 fewer enrollments, resulting in a stock price decline of $83.48 per share (over 54%), from $153.53 to $70.05 [5]. 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 [2].