NEW YORK, NY - January 8, 2026 (NEWMEDIAWIRE) - Kaplan Fox & Kilsheimer LLP announces that a class action lawsuit has been filed against Stride, Inc. (“Stride” or the “Company”) (NYSE: LRN) on behalf of investors that purchased or otherwise acquired Stride securities between October 22, 2024 and October 28, 2025 (the “Class Period”).
If you purchased Stride securities during the Class Period and have suffered losses, you may CLICK HERE to contact us. You may also contact Kaplan Fox by emailing mail@kaplanfox.com or pmayer@kaplanfox.com, or by calling (800) 290-1952.
DEADLINE REMINDER: If you are a member of the proposed Class, you may move the court no later than January 12, 2026, to serve as a lead plaintiff for the purported class. If you have losses, we encourage you to contact us to learn more about the lead plaintiff process. You need not seek to become a lead plaintiff in order to share in any possible recovery.
The complaint alleges that on October 28, 2025, during the first quarter 2026 earnings call, Stride announced that the Company experienced “approximately 10,000 to 15,000 fewer enrollments” than expected. Further, the complaint alleges that the Company’s Chief Executive Officer explained that Stride invested in upgrading its learning and technology platforms and that “the implementations did not go as smoothly as we anticipated.”
Following this news, the price of Stride shares fell $83.48 per share, over 54%, to close at $70.05 per share on October 29, 2025.
The complaint alleges, among other things, that throughout the Class Period, Defendants made false and/or misleading statements and/or failed to disclose that Stride was (i) inflating enrollment numbers by retaining “ghost students”, (ii) cutting staffing costs by assigning teachers’ caseloads far beyond the required statutory limits, (iii) ignoring compliance requirements, including background checks and licensure laws for its employees, and ignoring federally mandated special education services to students, (iv) suppressing whistleblowers who documented financial directives from Stride’s leadership to delay hiring and deny services to preserve profit margins, and (v) losing existing and potential enrollments.
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If you have any questions about this Notice, your rights, or your interests, please contact:
CONTACT:
Pamela A. Mayer
KAPLAN FOX & KILSHEIMER LLP
800 Third Avenue, 38th Floor
New York, New York 10022
(646) 315-9003
pmayer@kaplanfox.com
Laurence D. King
KAPLAN FOX & KILSHEIMER LLP
1999 Harrison Street, Suite 1501
Oakland, California 94612
(415) 772-4704
lking@kaplanfox.com
Contacting or submitting information to Kaplan Fox & Kilsheimer LLP does not create an attorney-client relationship, nor an obligation on the part of Kaplan Fox to retain you as a client.
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