Stride Investors Face Jan. 12 Deadline in Securities Class Action Over Enrollment Shortfall

Overview

• The consolidated case, MacMahon v. Stride, Inc., No. 1:25-cv-02019, is pending in the U.S. District Court for the Eastern District of Virginia.
• Investors who purchased Stride securities between October 22, 2024 and October 28, 2025 may move for lead-plaintiff appointment by January 12, 2026.
• The complaints allege inflated enrollment using “ghost students,” excessive teacher caseloads, ignored background checks and special-education requirements, and suppression of whistleblowers.
• On October 28, 2025, Stride disclosed customer-experience and system issues tied to an estimated 10,000–15,000 fewer enrollments and a muted outlook.
• Stride shares fell about 11.7% after a September 2025 report on a district complaint and about 54% after the October disclosure, which plaintiffs cite as investor losses.