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News  ›  GlobeNewswire Inc.

LRN COURT ALERT: Stride, Inc. Investors that Lost Money May have been Affected by Fraud -- Contact BFA Law by January 12

GlobeNewswire Inc. Logo GlobeNewswire Inc. By Bleichmar Fonti & Auld Llp
LRN COURT ALERT: Stride, Inc. Investors that Lost Money May have been Affected by Fraud -- Contact BFA Law by January 12

Stride, an education technology company, is facing a class action lawsuit alleging securities fraud by inflating enrollment numbers, ignoring compliance requirements, and misrepresenting business performance, which led to significant stock price drops.

Insights
KVUE   positive

Stock climbed over 12% after acquisition, indicating market sees potential in the deal


LRN   negative

The company is accused of fraudulent practices including inflating enrollment numbers, ignoring compliance requirements, and misrepresenting business performance, which resulted in substantial stock price declines of over 11% and 54% on two separate occasions