{"id":389077,"date":"2020-11-27T10:03:16","date_gmt":"2020-11-27T15:03:16","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=389077"},"modified":"2020-11-27T10:03:16","modified_gmt":"2020-11-27T15:03:16","slug":"rosen-leading-investor-counsel-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-leading-investor-counsel-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, LEADING INVESTOR COUNSEL, Announces Filing of Securities Class Action Lawsuit Against K12 Inc.; Encourages Investors with Losses in Excess of $100K to Contact Firm – LRN"},"content":{"rendered":"
\n

PR Newswire<\/p>\n<\/p><\/div>\n

\n

\n NEW YORK<\/span>, Nov. 27, 2020<\/span> \/PRNewswire\/ —\u00a0Rosen 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<\/span> to September 18, 2020<\/span>, inclusive (the “Class Period”). The lawsuit seeks to recover damages for K12 investors under the federal securities laws.<\/p>\n

\n

\n
\n \"Rosen
\n <\/a>\n <\/p>\n<\/p><\/div>\n

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

The 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’s officers lacked a reasonable basis for their positive statements about the Company’s business, operations, and prospects.<\/p>\n

On August 26, 2020<\/span>, reports emerged that K12’s 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’s shares fell by 7% over the course of two trading days, to close at $37.70<\/span> on August 27, 2020<\/span>.<\/p>\n

When classes in Miami-Dade started on August 31, 2020<\/span>, K12’s platform experienced major technical issues, disruptions, and a series of cyberattacks. In response, the district’s superintendent revealed that the district had never executed its $15.3 million<\/span> 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<\/span> on September 3, 2020<\/span>.<\/p>\n

A week later, facing overwhelming complaints from parents and teachers about K12’s 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<\/span> on September 10, 2020<\/span>.<\/p>\n

Other school districts also discovered K12’s inability to deliver on its promises. On September 17, 2020<\/span>, following a loss of confidence in K12’s 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’s shares fell 4.9%, to close at $27.21<\/span> on September 18, 2020<\/span>.<\/p>\n

A 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<\/span><\/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.<\/span> of Rosen Law Firm toll free at 866-767-3653 or via e-mail at pkim@rosenlegal.com<\/a> or cases@rosenlegal.com<\/a>.<\/p>\n

NO 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’S ABILITY TO SHARE IN ANY POTENTIAL FUTURE RECOVERY IS NOT DEPENDENT UPON SERVING AS LEAD PLAINTIFF.<\/p>\n

Follow 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>. <\/p>\n

Rosen 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’s 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.<\/p>\n

Contact Information:<\/p>\n

\u00a0\u00a0\u00a0\u00a0\u00a0 Laurence Rosen, Esq.<\/span>
\u00a0\u00a0\u00a0\u00a0\u00a0 Phillip Kim, Esq.<\/span>
\u00a0\u00a0\u00a0\u00a0\u00a0 The Rosen Law Firm, P.A.
\u00a0\u00a0\u00a0\u00a0\u00a0 275 Madison Avenue, 40th Floor
\u00a0\u00a0\u00a0\u00a0\u00a0 New York, NY<\/span> 10016
\u00a0\u00a0\u00a0\u00a0\u00a0 Tel: (212) 686-1060
\u00a0\u00a0\u00a0\u00a0\u00a0 Toll Free: (866) 767-3653
\u00a0\u00a0\u00a0\u00a0\u00a0 Fax: (212) 202-3827
\u00a0\u00a0\u00a0\u00a0\u00a0 lrosen@rosenlegal.com<\/a>
\u00a0\u00a0\u00a0\u00a0\u00a0 pkim@rosenlegal.com<\/a>
\u00a0\u00a0\u00a0\u00a0\u00a0 cases@rosenlegal.com<\/a>
\u00a0\u00a0\u00a0\u00a0\u00a0 www.rosenlegal.com<\/a><\/p>\n

<\/div>\n

\n \"Cision\" View original content to download multimedia:http:\/\/www.prnewswire.com\/news-releases\/rosen-leading-investor-counsel-announces-filing-of-securities-class-action-lawsuit-against-k12-inc-encourages-investors-with-losses-in-excess-of-100k-to-contact-firm–lrn-301180775.html<\/a><\/p>\n

SOURCE Rosen Law Firm, P.A.<\/p>\n<\/p><\/div>\n

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

PR Newswire NEW YORK, Nov. 27, 2020 \/PRNewswire\/ —\u00a0Rosen 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 “Class Period”). 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 made false and misleading statements to the public throughout the Class Period and failed to disclose that: (1) K12 lacked the technological capabilities, infrastructure, … <\/p>\n

Continue reading “ROSEN, LEADING INVESTOR COUNSEL, Announces Filing of Securities Class Action Lawsuit Against K12 Inc.; Encourages Investors with Losses in Excess of $100K to Contact Firm – 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-389077","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nROSEN, LEADING INVESTOR COUNSEL, Announces Filing of Securities Class Action Lawsuit Against K12 Inc.; Encourages Investors with Losses in Excess of $100K to Contact Firm - 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-leading-investor-counsel-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, LEADING INVESTOR COUNSEL, Announces Filing of Securities Class Action Lawsuit Against K12 Inc.; Encourages Investors with Losses in Excess of $100K to Contact Firm - LRN - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire NEW YORK, Nov. 27, 2020 \/PRNewswire\/ —\u00a0Rosen 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 “Class Period”). 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 made false and misleading statements to the public throughout the Class Period and failed to disclose that: (1) K12 lacked the technological capabilities, infrastructure, … Continue reading "ROSEN, LEADING INVESTOR COUNSEL, 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:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/rosen-leading-investor-counsel-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:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2020-11-27T15:03:16+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mma.prnewswire.com\/media\/405060\/Rosen_Law_Logo.jpg\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/rosen-leading-investor-counsel-announces-filing-of-securities-class-action-lawsuit-against-k12-inc-encourages-investors-with-losses-in-excess-of-100k-to-contact-firm-lrn\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/rosen-leading-investor-counsel-announces-filing-of-securities-class-action-lawsuit-against-k12-inc-encourages-investors-with-losses-in-excess-of-100k-to-contact-firm-lrn\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"ROSEN, LEADING INVESTOR COUNSEL, Announces Filing of Securities Class Action Lawsuit Against K12 Inc.; 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The 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, … Continue reading \"ROSEN, LEADING INVESTOR COUNSEL, Announces Filing of Securities Class Action Lawsuit Against K12 Inc.; Encourages Investors with Losses in Excess of $100K to Contact Firm – LRN\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/rosen-leading-investor-counsel-announces-filing-of-securities-class-action-lawsuit-against-k12-inc-encourages-investors-with-losses-in-excess-of-100k-to-contact-firm-lrn\/","og_site_name":"Market Newsdesk","article_published_time":"2020-11-27T15:03:16+00:00","og_image":[{"url":"https:\/\/mma.prnewswire.com\/media\/405060\/Rosen_Law_Logo.jpg","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/rosen-leading-investor-counsel-announces-filing-of-securities-class-action-lawsuit-against-k12-inc-encourages-investors-with-losses-in-excess-of-100k-to-contact-firm-lrn\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/rosen-leading-investor-counsel-announces-filing-of-securities-class-action-lawsuit-against-k12-inc-encourages-investors-with-losses-in-excess-of-100k-to-contact-firm-lrn\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"ROSEN, LEADING INVESTOR COUNSEL, Announces Filing of Securities Class Action Lawsuit Against K12 Inc.; 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