Stride(US:LRN) Globenewswire·2025-12-26 17:00Core Viewpoint - A class action lawsuit has been filed against Stride, Inc. for alleged violations of federal securities laws during the Class Period from October 22, 2024, to October 28, 2025, impacting investors who purchased Stride securities during this time [1][2]. Group 1: Allegations Against Stride, Inc. - The Complaint alleges that Stride made misleading statements about its products and services aimed at educational institutions, claiming they were designed to help learners reach their full potential [3]. - Specific allegations include Stride's failure to comply with background checks and licensure laws for employees, neglecting federally mandated special education services, and suppressing whistleblowers who reported financial directives to delay hiring and deny services [3][8]. - Additional claims involve inflating enrollment numbers by retaining "ghost students" and cutting staffing costs by exceeding statutory limits on teachers' caseloads [8]. Group 2: Legal Proceedings and Investor Actions - Investors affected by the alleged misconduct are encouraged to join the class action lawsuit, with a deadline of January 12, 2026, to request appointment as lead plaintiff [4]. - The law firm representing the investors operates on a contingency fee basis, meaning they will only recover costs if the lawsuit is successful [5]. Group 3: Law Firm Background - Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm specializing in securities fraud class actions and has recovered hundreds of millions of dollars for investors [6]. - The firm emphasizes its commitment to restoring investor capital and ensuring corporate accountability to maintain market integrity [6].