Overview

A class action lawsuit has been filed against Stride, Inc. (“Stride” or the “Company”) and certain of the Company’s former and current senior executive officers alleging violations of the federal securities laws. Stride’s common stock trades on the New York Stock Exchange (“NYSE”) under the ticker “LRN.”

The Stride class action lawsuit was brought on behalf of all persons and entities who purchased or otherwise acquired publicly traded Stride securities between October 22, 2024, and October 28, 2025, both dates inclusive, (the “Class Period”).

The lawsuit alleges that Stride, Inc., a technology company based in Reston, Virginia that provides online education platforms and services across the United States, misled investors about the integrity of its business operations, compliance practices, and student enrollment figures. Stride’s clients include public and private schools, school districts, and charter boards, and its products and services generate revenue through two primary segments: General Education and Career Learning. General Education focuses on traditional K–12 academic subjects such as math, English, science, and history, while Career Learning centers on preparing students for careers in fast-growing industries such as information technology, healthcare, and business.

Throughout the class period, Stride presented itself as a trusted educational partner offering curriculum, systems, and instruction designed to help learners reach their full potential through inspired teaching and personalized learning. However, according to the lawsuit, these representations were materially false and misleading. The company allegedly engaged in deceptive and unlawful practices that undermined its reported performance and compliance with educational standards.

Specifically, the lawsuit claims that Stride inflated its enrollment numbers by retaining so-called “ghost students”—individuals who were no longer actively participating but remained counted for funding and reporting purposes. The company also allegedly reduced costs by assigning teachers student loads that exceeded statutory limits, ignored background check and licensure requirements for employees, and failed to provide federally mandated special education services. Additionally, Stride is accused of suppressing internal whistleblowers who reported financial directives from leadership instructing staff to delay hiring and deny necessary student services in order to preserve profit margins. These practices allegedly caused the company to lose existing students and potential new enrollments, contradicting its public statements about growth, compliance, and educational quality.

As a result of Defendants’ wrongful acts and omissions, and the precipitous decline in the market value of the Company’s securities, Plaintiff and other Class members have suffered significant losses and damages.

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If you purchased or otherwise acquired publicly traded Stride securities between October 22, 2024, and October 28, 2025, both dates inclusive, (the “Class Period”), you may be eligible to serve as lead plaintiff in this lawsuit. If you invested in Stride securities and wish to seek appointment as lead plaintiff, we encourage you to contact DiCello Levitt LLP by submitting your information through the form on this page.

You can also contact DiCello Levitt partner Brian O’Mara by calling (888) 287-9005 or at investors@dicellolevitt.com. 

The deadline to apply to the Court to serve as lead plaintiff in the Stride class action lawsuit is January 12, 2026.