Julie & Holleman LLP, whose attorneys have helped recover hundreds of millions of dollars and secured extensive governance reforms, is investigating potential claims against Stride, Inc. (NYSE: LRN) insiders in connection with losses suffered by the company's stockholders.
Additional Information
According to court filings, Stride and its executives engaged in a massive cover-up, failing to disclose numerous problems about the company's business performance and prospects. Among other things, a complaint alleges that Stride failed to disclose information regarding inflated enrollment figures (including alleged retention of "ghost students"), purportedly to secure state funding, insufficient compliance with statutory staffing requirements and other regulatory obligations, and slowdowns in enrollment, declines in customer experience, and increasing withdrawal rates.
When the truth emerged, Stride's stock plummeted.
Julie & Holleman, whose attorneys have helped secure hundreds of millions of dollars in prior cases, is investigating legal claims against Stride, its executives, and potentially also the company's board of directors in connection with the alleged fraud.