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UPCOMING DEADLINE: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Stride
Prnewswireยท 2025-11-21 15:22
Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Stride, Inc. for alleged violations of federal securities laws, particularly regarding misleading statements about the company's products and services, which have led to significant investor losses [1][3]. Group 1: Allegations Against Stride - The complaint alleges that Stride and its executives made false and misleading statements about the company's offerings to educational institutions, while inflating enrollment numbers and cutting staff costs beyond legal limits [3]. - A report from Gallup-McKinley County Schools Board of Education accused Stride of fraud and deceptive practices, including retaining "ghost students" to secure state funding and ignoring compliance requirements [4]. Group 2: Stock Price Impact - Following the allegations, Stride's stock price dropped by $18.60, or 11.7%, closing at $139.76 per share on September 15, 2025, causing harm to investors [5]. - After Stride's announcement of limited enrollment growth and operational issues, the stock price fell as much as 51% during intraday trading on October 29, 2025, further injuring investors [6]. Group 3: Legal Proceedings - Investors who suffered losses during the specified period are encouraged to contact Faruqi & Faruqi to discuss their legal rights, with a deadline of January 12, 2026, to seek the role of lead plaintiff in the class action [1][7].