What is the class period? October 22, 2024 - October 28, 2025 What is the case about? Robbins LLP reminds stockholders that a class action was filed on behalf of all investors who purchased or otherwise acquired Stride during the class period because the Company allegedly misled investors regarding its fraudulent and deceptive business practices.  For more information, submit a form, email attorney Aaron Dumas, Jr., or give us a call at (800) 350-6003. What are the allegations? According to the compla ...

Core Viewpoint - A class action lawsuit has been filed against Stride, Inc. for allegedly misleading investors about its business prospects and inflating enrollment numbers through unethical practices [1][2]. Allegations - Stride, Inc. is accused of making false statements regarding its success and capabilities in the education technology sector, claiming to be a leading company while engaging in practices such as retaining "ghost students" to inflate enrollment figures [2]. - The company allegedly cut staffing costs by overloading teachers beyond statutory limits and ignored compliance requirements, including background checks and special education services [2]. - Whistleblowers reported that Stride's leadership directed financial practices that delayed hiring and denied services to maintain profit margins [2]. Stock Price Impact - Following a report on September 14, 2025, regarding a complaint filed by the Gallup-McKinley County Schools Board of Education against Stride, the company's stock price fell by $18.60, or 11.7%, closing at $139.76 on September 15, 2025 [3]. - On October 28, 2025, Stride announced that "poor customer experience" led to a significant drop in enrollments, resulting in a stock price decline of $83.48, or over 54%, closing at $70.05 on October 29, 2025 [4]. Class Action Participation - Shareholders interested in participating as lead plaintiffs in the class action must file their papers by January 12, 2026, although participation is not required to be eligible for recovery [5].

Core Viewpoint - A class action lawsuit has been filed against Stride, Inc. for allegedly misleading investors about its business prospects and inflating enrollment numbers through unethical practices [2][3]. Allegations Against Stride, Inc. - Stride, Inc. is accused of making false statements regarding its success and capabilities in the education technology sector, claiming to be a leading company while engaging in practices such as retaining "ghost students" to inflate enrollment figures [2]. - The company allegedly cut staffing costs by overloading teachers with excessive caseloads, ignored compliance requirements, and suppressed whistleblowers who reported financial misconduct [2]. - A complaint from the Gallup-McKinley County Schools Board of Education accused Stride of fraud and deceptive practices, leading to a significant drop in stock price following the news [3]. Impact on Stock Performance - Following the allegations, Stride's stock price fell by $18.60 per share (11.7%) on September 15, 2025, after the fraud allegations were reported [3]. - On October 28, 2025, Stride announced that poor customer experience led to a loss of 10,000-15,000 enrollments, resulting in a dramatic stock price drop of $83.48 per share (over 54%) to close at $70.05 on October 29, 2025 [4].