INVESTOR ALERT: Stride, Inc. (LRN) Investors are Notified to Contact BFA Law about the Pending Securities Fraud Class Action by January 12 Deadline
StrideStride(US:LRN) TMX Newsfile·2025-12-29 20:33

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 alleges that Stride inflated enrollment numbers by retaining "ghost students," ignored compliance requirements, and had 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%) on September 15, 2025, and by $83.48 (over 54%) on October 29, 2025, following admissions of poor customer experience [5][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]. Financial Implications - Stride estimated that the issues led to approximately 10,000-15,000 fewer enrollments, resulting in a muted outlook compared to previous years [6].