Stride Investors Face Jan. 12 Deadline in Securities Class Action Over Enrollment, Compliance Claims

The complaint accuses the ed‑tech company of overstating enrollment figures and failing key compliance checks, with later disclosures tied to steep share declines.

Overview

Multiple plaintiff firms are recruiting class members and urging motions for lead‑plaintiff appointment by January 12, 2026.
MacMahon v. Stride, Inc., Case No. 25‑cv‑02019, is pending in the U.S. District Court for the Eastern District of Virginia.
The alleged class period runs from October 22, 2024 through October 28, 2025, covering statements investors claim were false or misleading.
The complaint cites inflated enrollment through “ghost students,” overstretched teacher caseloads, lapses in background checks and licensure, special‑education shortfalls, and suppression of whistleblowers.
Stride disclosed on October 28 that system issues and poor customer experience produced roughly 10,000–15,000 fewer enrollments and a muted outlook, after which the stock fell about 54% on October 29 following an earlier 11.7% drop on September 15.