SAN DIEGO , Dec. 17, 2025 /PRNewswire/ -- The law firm of Robbins Geller Rudman & Dowd LLP announces that purchasers or acquirers of Stride, Inc. (NYSE: LRN) securities between October 22, 2024 and October 28, 2025, both dates inclusive (the "Class Period"), have until Monday, January 12, 2026 to seek appointment as lead plaintiff of the Stride class action lawsuit.  Captioned MacMahon v. Stride, Inc., No. 25-cv-02019 (E.D. Va.), the Stride class action lawsuit charges Stride and certain of Stride's top executives with violations of the Securities Exchange Act of 1934.

If you suffered substantial losses and wish to serve as lead plaintiff of the Stride class action lawsuit, please provide your information here:

https://www.rgrdlaw.com/cases-stride-inc-class-action-lawsuit-lrn.html

You can also contact attorneys J.C. Sanchez or Jennifer N. Caringal of Robbins Geller by calling 800/449-4900 or via e-mail at info@rgrdlaw.com.

CASE ALLEGATIONS: Stride provides proprietary and third-party online curriculum, software systems, and educational services.

The Stride class action lawsuit alleges that throughout the Class Period defendants made false and/or misleading statement and/or failed to disclose that Stride was: (i) inflating enrollment numbers by retaining "ghost students"; (ii) cutting staffing costs by assigning teachers' caseloads far beyond the required statutory limits; (iii) ignoring compliance requirements, including background checks and licensure laws for its employees, and ignoring federally mandated special education services to students; (iv) suppressing whistleblowers who documented financial directives from Stride's leadership to delay hiring and deny services to preserve profit margins; and (v) losing existing and potential enrollments.

The Stride class action lawsuit further alleges that on September 14, 2025, a report stated that the Gallup-McKinley County Schools Board of Education had filed a complaint against Stride, alleging fraud, deceptive trade practices, systemic violations of law, and intentional and tortious misconduct, including inflating enrollment numbers by retaining "ghost students" on rolls to secure state funding per student and ignoring compliance requirements, including background checks and licensure laws for its employees.  On this news, the price of Stride stock fell nearly 12%, according to the complaint.

Then, on October 28, 2025, the complaint alleges that Stride announced that "poor customer experience" had resulted in "higher withdrawal rates," "lower conversion rates," and had driven students away.  The Stride class action lawsuit further alleges that Stride estimated the impact caused approximately 10,000-15,000 fewer enrollments and stated that, because of this, its outlook is "muted" compared to prior years.  On this news, the price of Stride stock fell more than 54%, according to the complaint.

THE LEAD PLAINTIFF PROCESS: The Private Securities Litigation Reform Act of 1995 permits any investor who purchased or acquired Stride securities during the Class Period to seek appointment as lead plaintiff in the Stride class action lawsuit.  A lead plaintiff is generally the movant with the greatest financial interest in the relief sought by the putative class who is also typical and adequate of the putative class.  A lead plaintiff acts on behalf of all other class members in directing the Stride class action lawsuit.  The lead plaintiff can select a law firm of its choice to litigate the Stride class action lawsuit.  An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff of the Stride class action lawsuit.

ABOUT ROBBINS GELLER: Robbins Geller Rudman & Dowd LLP is one of the world's leading law firms representing investors in securities fraud and shareholder litigation.  Our Firm has been ranked #1 in the ISS Securities Class Action Services rankings for four out of the last five years for securing the most monetary relief for investors.  In 2024, we recovered over $2.5 billion for investors in securities-related class action cases – more than the next five law firms combined, according to ISS.  With 200 lawyers in 10 offices, Robbins Geller is one of the largest plaintiffs' firms in the world, and the Firm's attorneys have obtained many of the largest securities class action recoveries in history, including the largest ever – $7.2 billion – in In re Enron Corp. Sec. Litig.  Please visit the following page for more information:

https://www.rgrdlaw.com/services-litigation-securities-fraud.html

Past results do not guarantee future outcomes.
Services may be performed by attorneys in any of our offices. 

Contact:
            Robbins Geller Rudman & Dowd LLP
            J.C. Sanchez, Jennifer N. Caringal
            655 W. Broadway, Suite 1900, San Diego, CA 92101
            800-449-4900
            info@rgrdlaw.com 

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SOURCE Robbins Geller Rudman & Dowd LLP