Stride Investors Urged to Seek Lead Role in Securities Case Before January 12

The case centers on alleged inflated enrollments after Stride disclosed a 10,000 to 15,000 student shortfall on October 28.

Overview

The Law Offices of Howard G. Smith invited shareholders with losses to seek lead-plaintiff status by January 12, 2026, noting that no class has been certified.
The securities action is pending as MacMahon v. Stride, Inc., No. 1:25-cv-02019, in the U.S. District Court for the Eastern District of Virginia.
The putative class period spans October 22, 2024 through October 28, 2025.
Plaintiffs allege Stride inflated enrollment with “ghost students,” pushed teacher caseloads beyond statutory limits, disregarded compliance requirements, and suppressed whistleblowers.
On October 28, the company reported a 10,000–15,000 enrollment shortfall tied to poor customer experience, and the stock fell more than 54% the next day after an earlier roughly 11% drop in September.