MacMahon v. Stride Filed in Virginia as Investors Face Jan. 12 Lead‑Plaintiff Deadline

The suits allege inflated enrollment and a botched platform upgrade that preceded a one-day 54% stock plunge.

Overview

Plaintiffs confirm a securities class action pending in the Eastern District of Virginia, captioned MacMahon v. Stride, Inc., No. 1:25-cv-02019, asserting claims under Sections 10(b) and 20(a).
The putative class covers purchases from October 22, 2024, to October 28, 2025, and investors have until January 12, 2026, to seek appointment as lead plaintiff.
Multiple firms, including Bleichmar Fonti & Auld, Hagens Berman, Portnoy Law Firm, and Glancy Prongay & Murray, are soliciting investors and whistleblowers for information relevant to the case.
An earlier complaint from Gallup‑McKinley County Schools alleging “ghost students” and compliance failures preceded an approximately 11% drop in Stride’s shares in mid‑September 2025.
On October 28, 2025, Stride disclosed “poor customer experience” tied to a platform upgrade and estimated 10,000–15,000 fewer enrollments, which was followed by a roughly 54% one‑day stock decline.