Stride Securities Suit Intensifies as Jan. 12 Lead-Plaintiff Deadline Nears

Overview

• A federal securities class action is pending in the U.S. District Court for the Eastern District of Virginia, and no class has been certified.
• The alleged class period runs from October 22, 2024 through October 28, 2025, with motions for lead plaintiff due January 12, 2026.
• Complaints claim Stride inflated enrollment by retaining “ghost students,” cut staffing in ways that raised teacher caseloads, and ignored background checks, licensure rules, and mandated special education services.
• Two events are tied to investor losses: a September 14, 2025 report on a Gallup-McKinley district complaint that preceded an ~11% drop, and Stride’s October 28 disclosure of a failed platform upgrade causing 10,000–15,000 fewer enrollments and a one-day plunge of over 54%.
• Investor firms including Hagens Berman, Rosen, Bernstein Liebhard, DJS, Schall, Howard G. Smith, and Kahn Swick & Foti are soliciting class members and potential whistleblowers through the SEC program.