BOSTON, Oct. 16, 2024 (GLOBE NEWSWIRE) — Block & Leviton is investigating Stride, Inc. (NYSE: LRN) for potential securities law violations. Investors who have lost money in their Stride, Inc. investment should contact the firm to learn more about how they might recover those losses. For more details, visit https://blockleviton.com/cases/lrn.
What is this all about?
Shares of Stride fell 5% on October 16, 2024, after a report from Fuzzy Panda Research alleged that Stride has been inflating its earnings by misleading investors about the impact of federal COVID-19 relief funds. The report claims that more than 25% of Stride’s EBITDA came from Elementary and Secondary School Emergency Relief (ESSER) funds, which expired in September 2024. Additionally, the report also accuses Stride of hiding “ghost students” and failing to disclose schools leaving the company, alongside allegations of overbilling and fraudulent reimbursement claims. Block & Leviton is investigating these claims.
Who is eligible?
Anyone who purchased Stride, Inc. common stock and has seen their shares fall may be eligible, whether or not they have sold their investment. Investors should contact Block & Leviton to learn more.
What is Block & Leviton doing?
Block & Leviton is investigating whether the Company committed securities law violations and may file an action to attempt to recover losses on behalf of investors who have lost money.
What should you do next?
If you’ve lost money on your investment, you should contact Block & Leviton to learn more via our case website, by email at shareholders@blockleviton.com, or by phone at (888) 256-2510.
Whistleblower?
If you have non-public information about Stride, Inc., you should consider assisting in our investigation or working with our attorneys to file a report with the Securities Exchange Commission under their whistleblower program. Whistleblowers who provide original information to the SEC may receive rewards of up to 30% of any successful recovery. For more information, contact Block & Leviton at shareholders@blockleviton.com or by phone at (888) 256-2510.
Why should you contact Block & Leviton?
Block & Leviton is widely regarded as one of the leading securities class action firms in the country. Our attorneys have recovered billions of dollars for defrauded investors and are dedicated to obtaining significant recoveries on behalf of our clients through active litigation in the federal courts across the country. Many of the nation’s top institutional investors hire us to represent their interests. You can learn more about us at our website www.blockleviton.com, call (888) 256-2510 or email shareholders@blockleviton.com with any questions.
This notice may constitute attorney advertising.
CONTACT:
BLOCK & LEVITON LLP
260 Franklin St., Suite 1860
Boston, MA 02110
Phone: (888) 256-2510
Email: shareholders@blockleviton.com
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