NEW YORK, NY / ACCESSWIRE / November 4, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of Stride, Inc. ("Stride, Inc.") (NYSE:LRN) concerning possible violations of federal securities laws.
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. 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.
Following this news, shares of Stride fell 5% the same day. To obtain additional information, go to:
https://zlk.com/pslra-1/stride-inc-lawsuit-submission-form?prid=110637&wire=1
or contact Joseph E. Levi, Esq. either via email at jlevi@levikorsinsky.com or by telephone at (212)363-7500.
WHY LEVI & KORSINSKY: Over the past 20 years, Levi & Korsinsky LLP has established itself as a nationally-recognized securities litigation firm that has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. The firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States. Attorney Advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 17th Floor
New York, NY 10004
jlevi@levikorsinsky.com
Tel: (212)363-7500
Fax: (212)363-7171
https://zlk.com/
SOURCE: Levi & Korsinsky, LLP
View the original
press release on accesswire.com
