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News  ›  GlobeNewswire Inc.

LRN 5-DAY DEADLINE ALERT: Stride (LRN) Investors Encouraged to Contact Hagens Berman, Securities Class Action Pending Over Alleged Undisclosed Operational Failures

GlobeNewswire Inc. Logo GlobeNewswire Inc. By Hagens Berman
LRN 5-DAY DEADLINE ALERT: Stride (LRN) Investors Encouraged to Contact Hagens Berman, Securities Class Action Pending Over Alleged Undisclosed Operational Failures

Hagens Berman has filed a securities class action lawsuit against Stride, Inc. (LRN) alleging the company inflated enrollment figures using 'Ghost Students' and concealed a catastrophic technology platform failure. The undisclosed operational failures led to a 54% single-day stock crash, with the company forced to slash growth forecasts from 19% to 5%. The lead plaintiff deadline is January 12, 2026.

Insights
JPMpC   neutral

Participating as lead bank in a standard syndicated loan arrangement without exceptional risks or opportunities


LRN   negative

The company is accused of systematic fraud involving inflated enrollment metrics, concealment of known technology failures, and misleading investors about operational stability. These allegations resulted in a 54% stock crash and billions in market capitalization loss, indicating severe reputational and financial damage.