Stride Securities Case Advances as Investors Face Jan. 12 Lead-Plaintiff Deadline
The case in Virginia federal court follows Stride’s October disclosure of customer-experience problems tied to tens of thousands fewer enrollments.
Overview
- Multiple law firms report that 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 bought Stride securities between October 22, 2024 and October 28, 2025 must move by January 12, 2026 to seek lead-plaintiff status.
- Complaints cite a September 2025 school-district filing alleging inflated enrollment using “ghost students” and broader compliance lapses.
- Stride disclosed on October 28 that “poor customer experience” led to higher withdrawals, lower conversions, and an estimated 10,000–15,000 fewer enrollments, preceding a one-day share drop of about 54%.
- Filings also recount an 11.7% share decline on September 15, 2025 after reports of the Gallup‑McKinley complaint, as firms including Hagens Berman, Portnoy, Glancy, BFA, KSF, and Gross recruit affected investors.