{"id":386077,"date":"2020-11-20T11:01:11","date_gmt":"2020-11-20T16:01:11","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=386077"},"modified":"2020-11-20T11:01:11","modified_gmt":"2020-11-20T16:01:11","slug":"rosen-a-top-ranked-law-firm-announces-filing-of-securities-class-action-lawsuit-against-k12-inc-encourages-investors-with-losses-in-excess-of-100k-to-contact-firm-lrn","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/rosen-a-top-ranked-law-firm-announces-filing-of-securities-class-action-lawsuit-against-k12-inc-encourages-investors-with-losses-in-excess-of-100k-to-contact-firm-lrn\/","title":{"rendered":"ROSEN, A TOP RANKED LAW FIRM, Announces Filing of Securities Class Action Lawsuit Against K12 Inc.; Encourages Investors with Losses in Excess of $100K to Contact Firm \u2013 LRN"},"content":{"rendered":"

<\/p>\n

ROSEN, A TOP RANKED LAW FIRM, Announces Filing of Securities Class Action Lawsuit Against K12 Inc.; Encourages Investors with Losses in Excess of $100K to Contact Firm \u2013 LRN<\/b><\/p>\n

NEW YORK–(BUSINESS WIRE<\/a>)–
\nRosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of the securities of K12 Inc. (NYSE: LRN) between April 27, 2020 to September 18, 2020, inclusive (the \u201cClass Period\u201d). The lawsuit seeks to recover damages for K12 investors under the federal securities laws.\n<\/p>\n

\nTo join the K12 class action, go to http:\/\/www.rosenlegal.com\/cases-register-1989.html<\/a> or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com<\/a> or cases@rosenlegal.com<\/a> for information on the class action.\n<\/p>\n

\nThe Complaint alleges that K12 made false and misleading statements to the public throughout the Class Period and failed to disclose that: (1) K12 lacked the technological capabilities, infrastructure, and expertise to support the increased demand for virtual and blended education necessitated by the global pandemic; (2) K12 lacked adequate cyberattack protocols and protections to prevent the disabling of its computer systems; (3) K12 was unable to provide the necessary levels of administrative support and training to teachers, students, and parents; (4) and K12\u2019s officers lacked a reasonable basis for their positive statements about the Company\u2019s business, operations, and prospects.\n<\/p>\n

\nOn August 26, 2020, reports emerged that K12\u2019s training for teachers in Miami-Dade County Public Schools, one of the largest school districts in the country, had been ineffective and unacceptable. On this news, K12\u2019s shares fell by 7% over the course of two trading days, to close at $37.70 on August 27, 2020.\n<\/p>\n

\nWhen classes in Miami-Dade started on August 31, 2020, K12\u2019s platform experienced major technical issues, disruptions, and a series of cyberattacks. In response, the district\u2019s superintendent revealed that the district had never executed its $15.3 million contract with K12. On this news, the price of K12 shares fell by 10.5% over the course of two trading days, to close at $34.89 on September 3, 2020.\n<\/p>\n

\nA week later, facing overwhelming complaints from parents and teachers about K12\u2019s platform and curriculum, the Miami-Dade County Public Schools Board voted to terminate their contract with K12. On this news, the price of K12 common shares once again fell drastically, by 11.5%, to close at $30.55 on September 10, 2020.\n<\/p>\n

\nOther school districts also discovered K12\u2019s inability to deliver on its promises. On September 17, 2020, following a loss of confidence in K12\u2019s ability to provide educational solutions for the district, the Beaufort County School Board also voted to terminate its contract with K12. On this news, the price of K12\u2019s shares fell 4.9%, to close at $27.21 on September 18, 2020.\n<\/p>\n

\nA class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than January 19, 2021<\/b>. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to join the litigation, go to http:\/\/www.rosenlegal.com\/cases-register-1989.html<\/a> or to discuss your rights or interests regarding this class action, please contact Phillip Kim, Esq. of Rosen Law Firm toll free at 866-767-3653 or via e-mail at pkim@rosenlegal.com<\/a> or cases@rosenlegal.com<\/a>.\n<\/p>\n

\nNO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY RETAIN COUNSEL OF YOUR CHOICE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. AN INVESTOR\u2019S ABILITY TO SHARE IN ANY POTENTIAL FUTURE RECOVERY IS NOT DEPENDENT UPON SERVING AS LEAD PLAINTIFF.\n<\/p>\n

\nFollow us for updates on LinkedIn: https:\/\/www.linkedin.com\/company\/the-rosen-law-firm<\/a>, on Twitter: https:\/\/twitter.com\/rosen_firm<\/a> or on Facebook: https:\/\/www.facebook.com\/rosenlawfirm\/<\/a>.\n<\/p>\n

\nRosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 3 each year since 2013. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm\u2019s attorneys are ranked and recognized by numerous independent and respected sources. Rosen Law Firm has secured hundreds of millions of dollars for investors. Attorney Advertising. Prior results do not guarantee a similar outcome.\n<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20201120005576\/en\/<\/a><\/span><\/p>\n

\nLaurence Rosen, Esq.
\n
Phillip Kim, Esq.
\n
The Rosen Law Firm, P.A.
\n
275 Madison Avenue, 40th Floor
\n
New York, NY 10016
\n
Tel: (212) 686-1060
\n
Toll Free: (866) 767-3653
\n
Fax: (212) 202-3827
\n
lrosen@rosenlegal.com
\n<\/a>
pkim@rosenlegal.com
\n<\/a>
cases@rosenlegal.com
\n<\/a>
www.rosenlegal.com<\/a><\/p>\n

KEYWORDS:<\/b> New York United States North America<\/p>\n

INDUSTRY KEYWORDS:<\/b> Other Professional Services Professional Services Legal<\/p>\n

MEDIA:<\/b><\/p>\n\n","protected":false},"excerpt":{"rendered":"

ROSEN, A TOP RANKED LAW FIRM, Announces Filing of Securities Class Action Lawsuit Against K12 Inc.; Encourages Investors with Losses in Excess of $100K to Contact Firm \u2013 LRN NEW YORK–(BUSINESS WIRE)– Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of the securities of K12 Inc. (NYSE: LRN) between April 27, 2020 to September 18, 2020, inclusive (the \u201cClass Period\u201d). The lawsuit seeks to recover damages for K12 investors under the federal securities laws. To join the K12 class action, go to http:\/\/www.rosenlegal.com\/cases-register-1989.html or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action. The Complaint alleges that K12 … <\/p>\n

Continue reading “ROSEN, A TOP RANKED LAW FIRM, Announces Filing of Securities Class Action Lawsuit Against K12 Inc.; Encourages Investors with Losses in Excess of $100K to Contact Firm \u2013 LRN”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-386077","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nROSEN, A TOP RANKED LAW FIRM, Announces Filing of Securities Class Action Lawsuit Against K12 Inc.; Encourages Investors with Losses in Excess of $100K to Contact Firm \u2013 LRN - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/rosen-a-top-ranked-law-firm-announces-filing-of-securities-class-action-lawsuit-against-k12-inc-encourages-investors-with-losses-in-excess-of-100k-to-contact-firm-lrn\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ROSEN, A TOP RANKED LAW FIRM, Announces Filing of Securities Class Action Lawsuit Against K12 Inc.; Encourages Investors with Losses in Excess of $100K to Contact Firm \u2013 LRN - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"ROSEN, A TOP RANKED LAW FIRM, Announces Filing of Securities Class Action Lawsuit Against K12 Inc.; Encourages Investors with Losses in Excess of $100K to Contact Firm \u2013 LRN NEW YORK–(BUSINESS WIRE)– Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of the securities of K12 Inc. (NYSE: LRN) between April 27, 2020 to September 18, 2020, inclusive (the \u201cClass Period\u201d). The lawsuit seeks to recover damages for K12 investors under the federal securities laws. To join the K12 class action, go to http:\/\/www.rosenlegal.com\/cases-register-1989.html or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action. 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(NYSE: LRN) between April 27, 2020 to September 18, 2020, inclusive (the \u201cClass Period\u201d). The lawsuit seeks to recover damages for K12 investors under the federal securities laws. To join the K12 class action, go to http:\/\/www.rosenlegal.com\/cases-register-1989.html or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action. 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