Stride Securities Class Action Intensifies Ahead of Jan. 12 Lead‑Plaintiff Deadline

The suit ties alleged enrollment inflation to a disclosed customer‑experience failure that preceded sharp stock declines.

Overview

The case, MacMahon v. Stride, Inc. (No. 1:25‑cv‑02019), is pending in the U.S. District Court for the Eastern District of Virginia under Sections 10(b) and 20(a) of the Exchange Act.
The putative class period runs from October 22, 2024 through October 28, 2025, and no class has been certified.
Plaintiffs allege Stride used "ghost students," violated compliance rules, overloaded teacher caseloads, curtailed special‑education services, and suppressed whistleblowers.
Stride disclosed on Oct. 28, 2025 that "poor customer experience" led to roughly 10,000–15,000 fewer enrollments and a muted outlook, following a Sept. 14 school‑district complaint; the stock fell about 11.7% after the complaint and about 54% after the disclosure.
Multiple firms are soliciting investors ahead of the Jan. 12, 2026 deadline, with Hagens Berman emphasizing allegations of a concealed platform‑upgrade failure linked to the enrollment shortfall.