NEW YORK CITY, NY / ACCESS Newswire / November 23, 2025 / Pomerantz LLP announces that a class action lawsuit has been filed against Stride, Inc. ("Stride" or the "Company") (NYSE:LRN).�� Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, (or 888.4-POMLAW), toll-free, Ext. 7980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased.
The class action concerns whether Stride and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
You have until January 12, 2026, to ask the Court to appoint you as Lead Plaintiff for the class if you purchased or otherwise acquired Stride securities during the Class Period. A copy of the Complaint can be obtained at www.pomerantzlaw.com.��������
[Click here for information about joining the class action]
On September 14, 2025, news emerged 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 employees.
On this news, Stride’s stock price fell $18.60 per share, or 11.7%, to close at $139.76 per share September 15, 2025.
Then, on October 28, 2025, Stride announced that "poor customer experience" had resulted in "higher withdrawal rates" and "lower conversion rates," and had driven students away. Stride estimated that the foregoing issues had let to approximately 10,000 to 15,000 fewer enrollments and, accordingly, said that the Company’s outlook was "muted" compared to prior years.
On this news, Stride’s stock price fell $83.48 per share, or 54.37%, to close at $70.05 per share on October 29, 2025.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.
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SOURCE: Pomerantz LLP
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