Stride Investors Face Jan. 12 Deadline in Securities Class Action Over Enrollment and Tech Claims

Overview

• The federal case, MacMahon v. Stride, Inc. (No. 25-cv-02019), is filed in the Eastern District of Virginia alleging violations of the Exchange Act and SEC Rule 10b-5.
• Investors who purchased Stride securities between October 22, 2024 and October 28, 2025 must move by January 12, 2026 to seek lead-plaintiff status.
• The complaints allege inflated enrollment through retaining “ghost students,” staffing and compliance failures, and suppression of whistleblowers documenting profit-driven directives.
• Press notices cite two market drops tied to disclosures: nearly 12% after a September 14, 2025 school-district complaint and about 54% after Stride’s October 28 update estimating 10,000–15,000 fewer enrollments and a muted outlook.
• Hagens Berman reports it is examining the causal link between alleged enrollment inflation and a failed platform upgrade, firms are also soliciting whistleblower information, and no class has been certified.