Stride Class Action Intensifies as Investors Weigh Jan. 12 Lead-Plaintiff Deadline

Overview

• MacMahon v. Stride, Inc. is pending in the U.S. District Court for the Eastern District of Virginia, covering purchases from October 22, 2024 through October 28, 2025.
• The complaint alleges Stride inflated enrollment using so-called 'ghost students' and misled investors about compliance and operational conditions.
• Plaintiffs cite a failed platform upgrade disclosed on October 28, 2025 that the company said cost roughly 10,000–15,000 enrollments, followed by a one-day stock drop of over 54%.
• An earlier September 14, 2025 report about a Gallup-McKinley County Schools complaint alleging fraud preceded an approximately 11% decline in Stride’s shares.
• Multiple investor firms, including Hagens Berman, Rosen, Bernstein Liebhard, Kahn Swick & Foti, Schall, DJS Law Group, Howard G. Smith, and Berger Montague, are soliciting participants, with no class yet certified.