Stride Faces Securities Class Action as Investor Firms Urge Lead-Plaintiff Filings by Jan. 12
A Virginia federal complaint alleges inflated enrollment using 'ghost students' alongside compliance failures at the online education company.
Overview
- Multiple plaintiff firms, including Bernstein Liebhard, DJS Law Group, and The Schall Law Firm, are notifying investors of the January 12, 2026 deadline to seek lead-plaintiff status.
- The lawsuit was filed in the U.S. District Court for the Eastern District of Virginia against Stride, Inc. and certain senior officers.
- The alleged class period covers purchases of Stride securities from October 22, 2024 through October 28, 2025.
- The complaint pleads violations of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and SEC Rule 10b-5.
- Allegations include inflated enrollment counts, failures in background checks and other compliance requirements, excessive teacher caseloads, suppression of whistleblower reports, and the case has not yet been certified as a class action.