Jan. 12 Lead-Plaintiff Deadline Approaches in Stride Securities Suit Over Alleged 'Ghost Students' and Tech Breakdown
Investors have until Jan. 12 to seek lead-plaintiff status in a Virginia case alleging misstatements about enrollment alongside a concealed platform failure.
Overview
- The pending securities class action in the Eastern District of Virginia covers purchases of Stride (NYSE: LRN) shares from Oct. 22, 2024 through Oct. 28, 2025.
- Plaintiffs allege Stride inflated enrollment with so-called 'ghost students' and, per one complaint, tolerated improper staffing ratios and compliance lapses tied to licensure and special-education services.
- Filings further claim a summer platform upgrade blocked access for an estimated 10,000 to 15,000 students, required costly remediation, and led management to project slower sales growth.
- Disclosures described in the complaints coincided with an earlier ~11% drop and a separate single-day 54% share-price collapse that erased billions in market value.
- Hagens Berman, Bernstein Liebhard, and The Gross Law Firm are urging investors to contact them on a contingency basis, with outreach also directed to potential whistleblowers under the SEC program.