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

Overview

• Investor law firms including Hagens Berman, Levi & Korsinsky, Glancy Prongay & Murray, Rosen Law Firm, Bleichmar Fonti & Auld, and ClaimsFiler/KSF are urging Stride shareholders to seek lead‑plaintiff status by January 12, 2026.
• The federal case, MacMahon v. Stride, Inc., No. 25‑cv‑02019, is pending in the U.S. District Court for the Eastern District of Virginia and no class has been certified.
• The complaint alleges Stride overstated enrollment by retaining so‑called 'ghost students' and concealed broader compliance failures such as excessive teacher caseloads, ignored background and licensure requirements, suppressed whistleblowers, and shortfalls in special‑education services.
• Key market events cited include an approximately 11% stock drop after a September 14, 2025 report on the Gallup‑McKinley complaint and a roughly 54% one‑day decline following the company’s October 28, 2025 disclosure of platform problems and an estimated 10,000–15,000 fewer enrollments.
• Hagens Berman says it is examining causation linking the enrollment allegations to the October 29 plunge, while multiple firms invite investors and potential whistleblowers to provide information and document losses for the class period of October 22, 2024 to October 28, 2025.