A class action lawsuit has been filed against Stride Inc. on behalf of investors who suffered losses between October 22, 2024, and October 28, 2025. The complaint alleges that Stride Inc. engaged in securities fraud by making false statements and concealing critical information. Specifically, the lawsuit claims the company inflated enrollment numbers by retaining "ghost students," assigned teachers caseloads far beyond statutory limits to cut staffing costs, ignored compliance requirements such as background checks and licensure laws, failed to provide federally mandated special education services, suppressed whistleblowers who raised concerns about these practices, and lost existing and potential student enrollments as a result. The litigation seeks to recover damages for affected shareholders.