Stride(US:LRN) Globenewswire·2026-01-24 15:50Core Viewpoint - Bragar Eagel & Squire, P.C. is investigating potential claims against Stride, Inc. due to allegations of fiduciary duty breaches by the board of directors during a specified class period [2]. Group 1: Legal Investigation - A class action complaint was filed against Stride on November 11, 2025, concerning actions taken between October 22, 2024, and October 28, 2025 [2]. - The investigation focuses on whether Stride's board of directors has breached their fiduciary duties to the company [2]. Group 2: Allegations Against Stride - The complaint alleges that Stride made false and misleading statements about its success and capabilities in the education sector [8]. - Specific allegations include: 1. Inflating enrollment numbers by retaining "ghost students" [8]. 2. Cutting staffing costs by assigning teachers excessive caseloads beyond statutory limits [8]. 3. Ignoring compliance requirements, including background checks and licensure laws for employees, and federally mandated special education services [8]. 4. Suppressing whistleblowers who reported financial directives aimed at delaying hiring and denying services to maintain profit margins [8]. 5. Losing existing and potential enrollments due to these practices [8]. - These materially false statements led to the purchase of securities at artificially inflated prices, resulting in damages when the truth was revealed [8].