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News  ›  GlobeNewswire Inc.

Stride, Inc. (LRN) Plunges 49% as Platform Upgrade Fails, Triggering Hagens Berman Probe-- Hagens Berman

GlobeNewswire Inc. Logo GlobeNewswire Inc. By Hagens Berman
Stride, Inc. (LRN) Plunges 49% as Platform Upgrade Fails, Triggering Hagens Berman Probe-- Hagens Berman

Stride, Inc. experienced significant platform implementation issues, missing 10,000-15,000 student enrollments, leading to a 49% stock price drop and a potential shareholder lawsuit investigating potential securities law violations.

Insights
LRN   negative

Stock plunged 49% due to platform implementation failures, weak Q1 earnings guidance of only 5% sales growth, and serious fraud allegations involving enrollment inflation and improper teacher licensing practices