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News  ›  GlobeNewswire Inc.

Enrollment Drop, Compliance Allegations Fuel Stride (LRN) Shareholder Lawsuit-- Hagens Berman

GlobeNewswire Inc. Logo GlobeNewswire Inc. By Hagens Berman
Enrollment Drop, Compliance Allegations Fuel Stride (LRN) Shareholder Lawsuit-- Hagens Berman

Stride Inc., an online educational services provider, faces a securities class action lawsuit alleging fraudulent practices including inflated enrollment numbers, non-compliance with educational regulations, and misleading investors about company performance.

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LRN   negative

Accused of multiple unethical practices including inflating student enrollments, ignoring compliance requirements, suppressing whistleblowers, and misrepresenting company performance. Stock price declined significantly after revelations of operational challenges and potential fraud.