K12 : SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces Class Action Involving K12, INC. and Its Board of Directors and a Deadline of April 1, 2014 to Seek a Lead Plaintiff Position -- LRN
NEW YORK, NY--(Marketwired - Mar 20, 2014) - Levi & Korsinsky announces that a class action lawsuit has been commenced in the USDC for the Eastern District of Virginia on behalf of investors who purchased K12, Inc. ("K12" or the "Company") (NYSE: LRN) common stock between March 11, 2013 and October 9, 2013.
Click here to learn more about the action http://zlk.9nl.com/k12, or call: 877-363-5972. There is no cost or obligation to you.
The complaint alleges that Defendants issued materially false and misleading statements and/or failed to disclose material information regarding the Company's student enrollment and revenue growth prospects for fiscal year 2014.
On October 8, 2013, the Company disclosed information contrary to its prior positive statements regarding the fiscal outlook for 2014. In particular, K12 disclosed that the Company's growth prospects were, in fact, limited and impeded by: a) the Company's failure to timely invest in promotional efforts to enroll new students; and b) failure to consider and adhere to legal compliance requirements affecting student enrollment.
If you suffered a loss in K12 you have until April 1, 2014 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff. To obtain additional information, contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/k12.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut and Washington D.C. The firm's 26 attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
Stride, Inc. is an education services company providing virtual and blended learning. It provides tech-enabled education solutions, curriculums, and programs directly to students, schools, the military, and enterprises in primary, secondary and postsecondary settings. It offers K-12 education for students, schools, and districts, including career learning services through middle and high school curriculums. For adult learners, it delivers professional skills training in healthcare and technology, as well as staffing and talent development. Its technology-based products and services enable its clients to attract, enroll, educate, track progress and support students. Its solutions address two markets: General Education and Career Learning. For both the General Education and Career Learning markets, it offers school-as-a-service offering, which includes an integrated package of curriculum, technology systems, instruction, and support services that it administer on behalf of its customers.