NEW YORK CITY & NEW ORLEANS–(BUSINESS WIRE)–Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors with substantial losses that they have until January 12, 2026 to file lead plaintiff applications in a securities class action lawsuit against Stride, Inc. (“Stride” or the “Company”) (NYSE: LRN), if they purchased or otherwise acquired the Company’s securities between October 22, 2024 and October 28, 2025, inclusive (the “Class Period”). This action is pending in the United States District Court for the Eastern District of Virginia.
What You May Do
If you purchased securities of Stride and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email ([email protected]), or visit https://www.ksfcounsel.com/cases/nyse-lrn/ to learn more. If you wish to serve as a lead plaintiff in this class action, you must petition the Court by January 12, 2026.
About the Lawsuit
Stride and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
On September 14, 2025, it was reported that the Gallup-McKinley County Schools Board of Education had filed a complaint against the Company, 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’s shares fell $18.60 per share, or 11.7%, to close at $139.76 per share on September 15, 2025. Then, on October 28, 2025, the Company disclosed that “poor customer experience” had resulted in “higher withdrawal rates,” “lower conversion rates,” and had driven students away, and that the Company estimated the impact caused approximately 10,000-15,000 fewer enrollments and that, because of this, its outlook is “muted” compared to prior years. On this news, the price of Stride’s shares fell $83.48 per share, or more than 54%, to close at $70.05 per share on October 29, 2025.
The case is MacMahon v. Stride, Inc., et al., Case No. 25-cv-02019.
About Kahn Swick & Foti, LLC
KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation’s premier boutique securities litigation law firms. This past year, KSF was ranked by SCAS among the top 10 firms nationally based upon total settlement value. KSF serves a variety of clients, including public and private institutional investors, and retail investors – in seeking recoveries for investment losses emanating from corporate fraud or malfeasance by publicly traded companies. KSF has offices in New York, Delaware, California, Louisiana, Chicago, and a representative office in Luxembourg.
TOP 10 Plaintiff Law Firms – According to ISS Securities Class Action Services
To learn more about KSF, you may visit www.ksfcounsel.com.
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Contacts
Kahn Swick & Foti, LLC
Lewis Kahn, Managing Partner
[email protected]
1-877-515-1850
1100 Poydras St., Suite 960
New Orleans, LA 70163
