Stride Investors Urged to Seek Lead Role in Securities Case as Jan. 12 Deadline Nears
The litigation centers on claims of inflated enrollments that preceded a steep post‑disclosure selloff.
Overview
- Multiple plaintiffs’ firms, including Levi & Korsinsky, Bleichmar Fonti & Auld, and Berger Montague, issued fresh notices reminding shareholders of the approaching deadline.
- The federal case is pending in the Eastern District of Virginia as MacMahon v. Stride, Inc., No. 1:25‑cv‑02019.
- Investors who bought Stride securities between October 22, 2024 and October 28, 2025 may move for lead‑plaintiff status by January 12, 2026.
- Filed complaints allege inflated enrollment counts through “ghost students,” compliance lapses, excessive teacher caseloads, whistleblower suppression, and lost enrollments.
- Disclosures and reports in September and late October 2025 preceded sharp stock declines, including an estimated 54% drop on October 29 after Stride flagged poor customer experience and 10,000–15,000 fewer enrollments.