TendieTensor TendieTensor
You’re browsing as
Guest
Free Preview
Sign in/sign up to unlock all features.

News  ›  GlobeNewswire Inc.

Deadline Alert: Stride, Inc. (LRN) Shareholders Who Lost Money Urged To Contact Glancy Prongay & Murray LLP About Securities Fraud Lawsuit

GlobeNewswire Inc. Logo GlobeNewswire Inc. By Glancy Prongay & Murray Llp
Deadline Alert: Stride, Inc. (LRN) Shareholders Who Lost Money Urged To Contact Glancy Prongay & Murray LLP About Securities Fraud Lawsuit

Stride, Inc. faces a class action lawsuit alleging fraudulent practices including inflating enrollment numbers, ignoring compliance requirements, and misleading investors about business operations, resulting in significant stock price declines.

Insights
LRN   negative

The company is accused of multiple unethical practices including inflating enrollment numbers, cutting staffing costs improperly, ignoring compliance requirements, suppressing whistleblowers, and making materially misleading statements about its business operations, which led to substantial stock price drops of 11.7% and 54.4% on two separate occasions