Stride Securities Suit Intensifies as Firms Seek Lead Plaintiffs Before Jan. 12 Deadline

Hagens Berman is probing claims tying alleged enrollment inflation to a failed platform upgrade preceding LRN’s 54% one-day plunge.

Overview

Investor firms including Hagens Berman and Levi & Korsinsky are recruiting lead-plaintiff candidates ahead of the January 12, 2026 deadline.
The pending securities class action in the Eastern District of Virginia covers a class period from October 22, 2024 through October 28, 2025.
Complaints allege Stride overstated enrollment with so-called 'ghost students' and concealed compliance lapses such as excessive caseloads and special-education deficiencies.
Filings cite two disclosures tied to sharp share drops: a September 14, 2025 report about district allegations and an October 28, 2025 update on a troubled platform upgrade that preceded a roughly 54% decline.
Hagens Berman is also soliciting whistleblowers, noting potential SEC awards up to 30% of recoveries, while emphasizing that the allegations remain unproven.