Portnoy Law Firm Announces Class Action on Behalf of Stride, Inc. Investors
LOS ANGELES, Nov. 12, 2025 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Stride, Inc., (“Stride” or the "Company") (NYSE: LRN) investors off a class action on behalf of investors that bought securities between October 22, 2024 and October 28, 2025, inclusive (the “Class Period”). Stride investors have until January 12, 2026 to file a lead plaintiff motion.
Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 844-767-8529 or email: lesley@portnoylaw.com, to discuss their legal rights, or join the case via https://portnoylaw.com/stride-inc-2. The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors’ options for pursuing claims to recover their losses.
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.
The Portnoy Law Firm represents investors in pursuing claims caused by corporate wrongdoing. The Firm’s founding partner has recovered over $5.5 billion for aggrieved investors. Attorney advertising. Prior results do not guarantee similar outcomes.
Lesley F. Portnoy, Esq.
Admitted CA, NY and TX Bar
lesley@portnoylaw.com
310-692-8883
www.portnoylaw.com
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