Stride Securities Suits Draw Investor Outreach Before Jan. 12 Filing Cutoff
The Eastern District of Virginia will decide case leadership after the January 12, 2026 deadline for motions.
Overview
- Plaintiff firms including DJS Law Group, The Schall Law Firm, Berger Montague, and Bleichmar Fonti & Auld urged Stride investors to seek lead-plaintiff roles before the January 12, 2026 deadline.
- The actions cover an alleged class period from October 22, 2024 through October 28, 2025 for purchasers of Stride (NYSE: LRN) securities.
- Complaints allege inflated enrollment using “ghost students,” lapses in background checks and other compliance requirements, teacher caseloads beyond legal limits, and suppression of whistleblower reports.
- One case is pending in the U.S. District Court for the Eastern District of Virginia as MacMahon v. Stride, Inc., et al., No. 1:25-cv-02019, with no class yet certified.
- Filings cite an ~11% share decline after a mid-September district complaint report and a ~54% drop following Stride’s October 28 disclosure of platform-related enrollment shortfalls of 10,000–15,000.