New York, New York--(Newsfile Corp. - December 15, 2025) - Leading securities law firm Bleichmar Fonti & Auld LLP announces that a class action lawsuit has been filed against Stride, Inc. (NYSE: LRN) and certain of the Company's senior executives for securities fraud after significant stock drops resulting from the potential violations of the federal securities laws. If you invested in Stride, you are encouraged to obtain additional information by visiting: https://www.bfalaw.com/cases/stride-inc-class-act ...

NEW YORK, Dec. 15, 2025 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces that a class action lawsuit has been filed against Stride, Inc. (NYSE: LRN) and certain of the Company’s senior executives for securities fraud after significant stock drops resulting from the potential violations of the federal securities laws. If you invested in Stride, you are encouraged to obtain additional information by visiting: https://www.bfalaw.com/cases/stride-inc-class-action-lawsuit. Inv ...

Core Viewpoint - Stride, Inc. is facing a class action lawsuit for securities fraud, which has led to significant stock price drops due to alleged violations of federal securities laws [1][3]. Group 1: Lawsuit Details - A class action lawsuit has been filed against Stride, Inc. and certain senior executives for securities fraud, with investors encouraged to contact BFA Law by January 12, 2026 [1][3]. - The lawsuit claims violations under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934, and is pending in the U.S. District Court for the Eastern District of Virginia [3]. Group 2: Allegations Against Stride - Stride is accused of inflating enrollment numbers by retaining "ghost students" to secure state funding, ignoring compliance requirements, and providing a poor customer experience that led to higher withdrawal rates and lower conversion rates [4][5]. - The company had previously claimed to be experiencing growth and strong demand for its products, which is now being challenged by the allegations [4]. Group 3: Stock Price Impact - Following the fraud allegations reported on September 14, 2025, Stride's stock dropped by $18.60 per share, or over 11%, from $158.36 to $139.76 [5]. - On October 28, 2025, Stride admitted to issues with customer experience, leading to an estimated 10,000-15,000 fewer enrollments, which caused the stock to plummet by $83.48 per share, or more than 54%, from $153.53 to $70.05 [6].

NEW YORK, Dec. 11, 2025 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces that a class action lawsuit has been filed against Stride, Inc. (NYSE: LRN) and certain of the Company’s senior executives for securities fraud after significant stock drops resulting from the potential violations of the federal securities laws. If you invested in Stride, you are encouraged to obtain additional information by visiting: https://www.bfalaw.com/cases/stride-inc-class-action-lawsuit. Inv ...

Core Viewpoint - A class action lawsuit has been filed against Stride, Inc. for securities fraud, following significant stock drops attributed to potential violations of federal securities laws [1][2]. Company Overview - Stride, Inc. is an education technology company that provides an online platform for students across the U.S. [3]. Allegations - The lawsuit claims that Stride inflated enrollment numbers by retaining "ghost students," failed to comply with employee background checks and licensure laws, and experienced poor customer service leading to higher withdrawal rates and lower conversion rates [3][4]. Stock Performance - On September 14, 2025, Stride's stock dropped by $18.60, or over 11%, from $158.36 to $139.76 per share following the fraud allegations [4]. - On October 28, 2025, Stride acknowledged that poor customer experience led to an estimated 10,000-15,000 fewer enrollments, resulting in a further stock drop of $83.48, or more than 54%, from $153.53 to $70.05 per share [5]. 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 [2].

Core Points - A class action lawsuit has been filed against Stride, Inc. and its senior executives for securities fraud following significant stock drops due to potential violations of federal securities laws [1][2] - Investors have until January 12, 2026, to seek appointment as lead plaintiffs in the case, which is pending in the U.S. District Court for the Eastern District of Virginia [2] Company Overview - Stride, Inc. is an education technology company that provides an online platform for students across the U.S. [3] - The company previously claimed to experience "increasing growth" and "in-year strength in demand" for its products and services [3] Allegations - The lawsuit alleges 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 [3][4] - Stride's admission of poor customer experience resulted in an estimated 10,000-15,000 fewer enrollments, leading to a muted outlook compared to previous years [5] Stock Performance - Following the fraud allegations reported on September 14, 2025, Stride's stock dropped by $18.60, or over 11%, from $158.36 to $139.76 per share [4] - After Stride's admission of poor customer experience on October 28, 2025, the stock plummeted by $83.48, or more than 54%, from $153.53 to $70.05 per share [5]

Core Viewpoint - Wealthfront Corp. and its shareholders are aiming to raise $485 million through an initial public offering (IPO) as the company seeks to go public [1] Company Overview - Wealthfront, based in Palo Alto, California, plans to price its shares between $12 and $14 each, offering 21.47 million shares, while some backers will offer an additional 13.15 million shares [2] - At the upper end of the pricing range, Wealthfront's market value would be approximately $2.05 billion based on outstanding shares [3] - The company is recognized for its automated investing products and has attracted a younger customer base, also offering high-yield savings accounts [4] Financial Performance - As of July 31, Wealthfront reported $88.2 billion in platform assets, with a net income of $60.7 million on revenue of $175.6 million for the first half of the year, compared to a net income of $132.3 million on revenue of $145.9 million in the same period the previous year [4] - The net income for the six-month period included a $13.3 million provision for income tax, contrasting with a tax benefit of $54.1 million in the corresponding period in 2024 [5] - Wealthfront's adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) increased by 16% year over year [5] Market Context - The IPO follows a trend of fintech firms going public, although some, like Klarna Group Plc and Chime Financial Inc., have seen their stock prices fall below IPO levels [6] - Wealthfront had previously been in talks for acquisition by UBS Group AG for $1.4 billion, a deal that was ultimately abandoned [6] - The offering is being led by Goldman Sachs Group Inc. and JPMorgan Chase & Co., with plans for shares to trade on the Nasdaq under the symbol WLTH [7]

Core Insights - Wealthfront Corp. is seeking to raise $485 million through an IPO, planning to market shares at $12 to $14 each [1][2] - The company aims for a market value of approximately $2.05 billion based on outstanding shares [2] - Wealthfront has $88.2 billion in platform assets as of July 31, and reported a net income of $60.7 million on revenue of $175.6 million for the first half of the year [3] Financial Performance - For the six months ending July 31, Wealthfront's net income decreased from $132.3 million to $60.7 million year-over-year, while revenue increased from $145.9 million to $175.6 million [3] - The company recorded a $13.3 million provision for income tax in the latest period, compared to a tax benefit of $54.1 million in the same period the previous year [4] - Adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) increased by 16% year-over-year [4] Market Context - The IPO follows a trend of fintech firms going public, although some, like Klarna and Chime, have seen their stock prices fall below IPO levels [4] - Wealthfront's previous acquisition attempt by UBS Group AG for $1.4 billion was abandoned in 2022 [5] - The IPO is being led by Goldman Sachs and JPMorgan Chase, with plans to trade on the Nasdaq under the symbol WLTH [6]

Core Viewpoint - A class action lawsuit has been filed against Stride, Inc. for securities fraud, following significant stock drops attributed to potential violations of federal securities laws [1][2]. Company Overview - Stride, Inc. is an education technology company that provides an online platform for students across the U.S. [3]. Allegations - 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 [3][4]. Stock Performance - On September 14, 2025, Stride's stock dropped by $18.60, or over 11%, from $158.36 to $139.76 per share following the fraud allegations [4]. - On October 28, 2025, Stride admitted to issues with customer experience, resulting in an estimated 10,000-15,000 fewer enrollments, causing the stock to plummet by $83.48, or more than 54%, from $153.53 to $70.05 per share [5]. 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 [2].

Core Viewpoint - A class action lawsuit has been filed against Stride, Inc. for securities fraud, alleging significant stock drops due to potential violations of federal securities laws [1][2]. Company Overview - Stride, Inc. is an education technology company that provides an online platform for students across the U.S. [3]. Allegations - The lawsuit claims 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 [3][4]. Stock Performance - On September 14, 2025, a report of fraud allegations caused Stride's stock to drop by $18.60, or over 11%, from $158.36 to $139.76 per share [4]. - Following Stride's admission of poor customer experience on October 28, 2025, the stock plummeted by $83.48, or more than 54%, from $153.53 to $70.05 per share [5]. 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 [2]. - The lawsuit is captioned MacMahon v. Stride, Inc., et al., No. 1:25-cv-02019 [2]. Impact on Business - Stride estimated a loss of approximately 10,000-15,000 enrollments due to the issues raised, leading to a muted outlook compared to previous years [5].