LRN LAWSUIT NEWS: Stride, Inc. Sued for Fraud Over Upgrade Issues – Contact BFA Law before January 12 Deadline

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 for students across the U.S. [4]. Allegations and Issues - 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][5]. - Stride's statements about "increasing growth" and "in-year strength in demand" are alleged to be misleading [4]. Stock Performance - On September 14, 2025, a report of the fraud complaint led to a stock price drop of $18.60 per share, over 11%, from $158.36 to $139.76 [5]. - Following Stride's admission of poor customer experience on October 28, 2025, the stock plummeted by $83.48 per share, more than 54%, from $153.53 to $70.05 [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 [3]. - The case is titled MacMahon v. Stride, Inc., et al., No. 1:25-cv-02019 [3].