{"id":392109,"date":"2020-12-02T16:03:15","date_gmt":"2020-12-02T21:03:15","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=392109"},"modified":"2020-12-02T16:03:15","modified_gmt":"2020-12-02T21:03:15","slug":"k12-inc-class-action-alert-wolf-haldenstein-adler-freeman-herz-llp-reminds-investors-that-a-securities-class-action-lawsuit-has-been-filed-in-the-united-states-district-court-for-the-eastern-2","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/k12-inc-class-action-alert-wolf-haldenstein-adler-freeman-herz-llp-reminds-investors-that-a-securities-class-action-lawsuit-has-been-filed-in-the-united-states-district-court-for-the-eastern-2\/","title":{"rendered":"K12, INC. CLASS ACTION ALERT: Wolf Haldenstein Adler Freeman &amp; Herz LLP reminds investors that a securities class action lawsuit has been filed in the United States District Court for the Eastern District of Virginia on behalf of those who purchased or acquired the securities of K12, Inc."},"content":{"rendered":"<div class=\"xn-newslines\">\n<h2 class=\"xn-hedline\">LEAD PLAINTIFF DEADLINE IS JANUARY 19, 2021<\/h2>\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>\n        <span class=\"xn-location\">NEW YORK<\/span>, <span class=\"xn-chron\">Dec. 2, 2020<\/span> \/PRNewswire\/ &#8212;\u00a0<a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2999367-1&amp;h=674239858&amp;u=https%3A%2F%2Fwww.whafh.com%2Fcase%2Fk12-inc-nyse-lrn%2F&amp;a=Wolf+Haldenstein+Adler+Freeman+%26+Herz+LLP\" rel=\"nofollow noopener noreferrer\"><span class=\"xn-person\">Wolf Haldenstein Adler Freeman<\/span> &amp; Herz LLP<\/a>\u00a0announces that a federal securities class action lawsuit has been filed against K12, Inc. (&#8220;K12&#8221; or the &#8220;Company&#8221;) (NYSE: LRN) in <span class=\"xn-location\">the United States<\/span> District Court for the Eastern District of <span class=\"xn-location\">Virginia<\/span> on behalf of those who purchased or acquired the securities of K12 between <span class=\"xn-chron\">April 27, 2020<\/span> to <span class=\"xn-chron\">September 18, 2020<\/span>, inclusive (the &#8220;Class Period&#8221;).<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder1\">\n<p>\n          <a href=\"https:\/\/mma.prnewswire.com\/media\/1064977\/Wolf_Haldenstein_Adler_Freeman_Logo.html\" target=\"_blank\" rel=\"nofollow noopener noreferrer\"><br \/>\n            <img decoding=\"async\" src=\"https:\/\/mma.prnewswire.com\/media\/1064977\/Wolf_Haldenstein_Adler_Freeman_Logo.jpg\" title=\"(PRNewsfoto\/Wolf Haldenstein Adler Freeman )\" alt=\"(PRNewsfoto\/Wolf Haldenstein Adler Freeman )\" \/><br \/>\n          <\/a>\n        <\/p>\n<\/p><\/div>\n<p>\n        <b>All<\/b><br \/>\n        <b> investors who purchased shares of <\/b><br \/>\n        <b>K12, Inc.<\/b><br \/>\n        <b>,<\/b><br \/>\n        <b>and incurred losses are urged<\/b><br \/>\n        <b> to contact the firm immediately at \u00a0<a target=\"_blank\" href=\"mailto:classmember@whafh.com\" rel=\"nofollow noopener noreferrer\">classmember@whafh.com<\/a> or (800) 575-0735 or (212) 545-4774. You may obtain additional information concerning the action or <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2999367-1&amp;h=1087778574&amp;u=https%3A%2F%2Fwww.whafh.com%2Fcase%2Fk12-inc-nyse-lrn%2F&amp;a=join+the+case\" rel=\"nofollow noopener noreferrer\">join the case<\/a> on our website, <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2999367-1&amp;h=3774997773&amp;u=https%3A%2F%2Fwww.whafh.com%2Fcase%2Fk12-inc-nyse-lrn%2F&amp;a=www.whafh.com.\" rel=\"nofollow noopener noreferrer\">www.whafh.com.<\/a><\/b>\n      <\/p>\n<p>If \u00a0you \u00a0have \u00a0incurred \u00a0losses \u00a0in \u00a0the \u00a0shares of against <b>K12, Inc.<\/b><b>,<\/b><b>you<\/b><b> may,<\/b><b>no later than <span class=\"xn-chron\">January 19, 2021<\/span><\/b><b>, \u00a0<\/b>request that the Court appoint you lead plaintiff of the proposed class.\u00a0 Please contact <a target=\"_blank\" href=\"mailto:gstone@whafh.com\" rel=\"nofollow noopener noreferrer\"><span class=\"xn-person\">Wolf Haldenstein<\/span><\/a> to learn more about your rights as an investor in the shares of K12, Inc. \u00a0<\/p>\n<p class=\"prntac\">\n        <b><br \/>\n          <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2999367-1&amp;h=3831224827&amp;u=https%3A%2F%2Fwww.whafh.com%2Fcase%2Fk12-inc-nyse-lrn%2F&amp;a=CLICK+HERE+TO+JOIN+CASE\" rel=\"nofollow noopener noreferrer\">CLICK HERE TO JOIN CASE<\/a><br \/>\n        <\/b>\n      <\/p>\n<p>On <span class=\"xn-chron\">August 26, 2020<\/span>, reports emerged that K12&#8217;s training for teachers in <span class=\"xn-location\">Miami-Dade County<\/span> Public Schools (<span class=\"xn-location\">Florida<\/span>), one of the largest school districts in the country, had been ineffective and unacceptable. On this news, K12&#8217;s shares fell by 7% over the course of two trading days, to close at <span class=\"xn-money\">$37.70<\/span> on <span class=\"xn-chron\">August 27, 2020<\/span>.<\/p>\n<p>When classes in <span class=\"xn-location\">Miami-Dade<\/span> commenced on <span class=\"xn-chron\">August 31, 2020<\/span>, K12&#8217;s platform experienced major technical issues, disruptions, and a series of cyber attacks. In response, the district&#8217;s superintendent revealed that the district had never executed its <span class=\"xn-money\">$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 <span class=\"xn-money\">$34.89<\/span> on <span class=\"xn-chron\">September 3, 2020<\/span>.<\/p>\n<p>A week later, facing overwhelming complaints from parents and teachers about K12&#8217;s platform and curriculum, the <span class=\"xn-location\">Miami-Dade County<\/span> 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 <span class=\"xn-money\">$30.55<\/span> on <span class=\"xn-chron\">September 10, 2020<\/span>.<\/p>\n<p>Other school districts also discovered K12&#8217;s inability to deliver on its promises. On <span class=\"xn-chron\">September 17, 2020<\/span>, following a loss of confidence in K12&#8217;s ability to provide educational solutions for the district, the Beaufort County School Board (<span class=\"xn-location\">South Carolina<\/span>) also voted to terminate its contract with K12. On this news, the price of K12&#8217;s shares fell 4.9%, to close at <span class=\"xn-money\">$27.21<\/span> on <span class=\"xn-chron\">September 18, 2020<\/span>.<\/p>\n<p>\n        <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2999367-1&amp;h=173684272&amp;u=https%3A%2F%2Fwww.whafh.com%2Fcase%2Fk12-inc-nyse-lrn%2F&amp;a=Wolf+Haldenstein\" rel=\"nofollow noopener noreferrer\"><br \/>\n          <span class=\"xn-person\">Wolf Haldenstein<\/span><br \/>\n        <\/a> has extensive experience in the prosecution of securities class actions and derivative litigation in state and federal trial and appellate courts across the country.\u00a0 The firm has attorneys in various practice areas; and offices in <span class=\"xn-location\">New York<\/span>, <span class=\"xn-location\">Chicago<\/span> and San Diego.\u00a0 The reputation and expertise of this firm in shareholder and other class litigation has been repeatedly recognized by the courts, which have appointed it to major positions in complex securities multi-district and consolidated litigation.<\/p>\n<p>If you wish to discuss this action or have any questions regarding your rights and interests in this case, please immediately contact <a target=\"_blank\" href=\"mailto:gstone@whafh.com\" rel=\"nofollow noopener noreferrer\"><span class=\"xn-person\">Wolf Haldenstein<\/span><\/a> by telephone at (800) 575-0735, via e-mail at <a target=\"_blank\" href=\"mailto:classmember@whafh.com\" rel=\"nofollow noopener noreferrer\">classmember@whafh.com<\/a>, or visit our website at <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2999367-1&amp;h=4288309526&amp;u=https%3A%2F%2Fwww.whafh.com%2Fcase%2Fk12-inc-nyse-lrn%2F&amp;a=%C2%A0www.whafh.com.\" rel=\"nofollow noopener noreferrer\">\u00a0www.whafh.com.<\/a><\/p>\n<p>Contact:<\/p>\n<p>\n        <span class=\"xn-person\">Wolf Haldenstein Adler Freeman<\/span> &amp; Herz LLP <br \/><span class=\"xn-person\">Kevin Cooper, Esq.<\/span><br \/><span class=\"xn-person\">Gregory Stone<\/span>, Director of Case and Financial Analysis<br \/>Email: <a target=\"_blank\" href=\"mailto:gstone@whafh.com\" rel=\"nofollow noopener noreferrer\">gstone@whafh.com<\/a>, <a target=\"_blank\" href=\"mailto:kcooper@whafh.com\" rel=\"nofollow noopener noreferrer\">kcooper@whafh.com<\/a> or <a target=\"_blank\" href=\"mailto:classmember@whafh.com\" rel=\"nofollow noopener noreferrer\">classmember@whafh.com<\/a>\u00a0<br \/>Tel: (800) 575-0735 or (212) 545-4774<\/p>\n<p>This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.\u00a0 <\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder2\"><\/div>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=NY09907&amp;sd=2020-12-02\" \/> View original content to download multimedia:<a id=\"PRNURL\" rel=\"nofollow\" href=\"http:\/\/www.prnewswire.com\/news-releases\/k12-inc-class-action-alert-wolf-haldenstein-adler-freeman--herz-llp-reminds-investors-that-a-securities-class-action-lawsuit-has-been-filed-in-the-united-states-district-court-for-the-eastern-district-of-virginia-on-behalf-of--301185097.html\">http:\/\/www.prnewswire.com\/news-releases\/k12-inc-class-action-alert-wolf-haldenstein-adler-freeman&#8211;herz-llp-reminds-investors-that-a-securities-class-action-lawsuit-has-been-filed-in-the-united-states-district-court-for-the-eastern-district-of-virginia-on-behalf-of&#8211;301185097.html<\/a><\/p>\n<p>SOURCE  <span class=\"xn-person\">Wolf Haldenstein Adler Freeman<\/span> &amp; Herz LLP<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=NY09907&amp;Transmission_Id=202012021600PR_NEWS_USPR_____NY09907&amp;DateId=20201202\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>LEAD PLAINTIFF DEADLINE IS JANUARY 19, 2021 PR Newswire NEW YORK, Dec. 2, 2020 \/PRNewswire\/ &#8212;\u00a0Wolf Haldenstein Adler Freeman &amp; Herz LLP\u00a0announces that a federal securities class action lawsuit has been filed against K12, Inc. (&#8220;K12&#8221; or the &#8220;Company&#8221;) (NYSE: LRN) in the United States District Court for the Eastern District of Virginia on behalf of those who purchased or acquired the securities of K12 between April 27, 2020 to September 18, 2020, inclusive (the &#8220;Class Period&#8221;). All investors who purchased shares of K12, Inc. , and incurred losses are urged to contact the firm immediately at \u00a0classmember@whafh.com or (800) 575-0735 or (212) 545-4774. You may obtain additional information concerning the action or join the case on our website, www.whafh.com. &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/k12-inc-class-action-alert-wolf-haldenstein-adler-freeman-herz-llp-reminds-investors-that-a-securities-class-action-lawsuit-has-been-filed-in-the-united-states-district-court-for-the-eastern-2\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;K12, INC. CLASS ACTION ALERT: Wolf Haldenstein Adler Freeman &amp; Herz LLP reminds investors that a securities class action lawsuit has been filed in the United States District Court for the Eastern District of Virginia on behalf of those who purchased or acquired the securities of K12, Inc.&#8221;<\/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-392109","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>K12, INC. CLASS ACTION ALERT: Wolf Haldenstein Adler Freeman &amp; Herz LLP reminds investors that a securities class action lawsuit has been filed in the United States District Court for the Eastern District of Virginia on behalf of those who purchased or acquired the securities of K12, Inc. - 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\/k12-inc-class-action-alert-wolf-haldenstein-adler-freeman-herz-llp-reminds-investors-that-a-securities-class-action-lawsuit-has-been-filed-in-the-united-states-district-court-for-the-eastern-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"K12, INC. CLASS ACTION ALERT: Wolf Haldenstein Adler Freeman &amp; Herz LLP reminds investors that a securities class action lawsuit has been filed in the United States District Court for the Eastern District of Virginia on behalf of those who purchased or acquired the securities of K12, Inc. - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"LEAD PLAINTIFF DEADLINE IS JANUARY 19, 2021 PR Newswire NEW YORK, Dec. 2, 2020 \/PRNewswire\/ &#8212;\u00a0Wolf Haldenstein Adler Freeman &amp; Herz LLP\u00a0announces that a federal securities class action lawsuit has been filed against K12, Inc. (&#8220;K12&#8221; or the &#8220;Company&#8221;) (NYSE: LRN) in the United States District Court for the Eastern District of Virginia on behalf of those who purchased or acquired the securities of K12 between April 27, 2020 to September 18, 2020, inclusive (the &#8220;Class Period&#8221;). All investors who purchased shares of K12, Inc. , and incurred losses are urged to contact the firm immediately at \u00a0classmember@whafh.com or (800) 575-0735 or (212) 545-4774. You may obtain additional information concerning the action or join the case on our website, www.whafh.com. &hellip; Continue reading &quot;K12, INC. CLASS ACTION ALERT: Wolf Haldenstein Adler Freeman &amp; Herz LLP reminds investors that a securities class action lawsuit has been filed in the United States District Court for the Eastern District of Virginia on behalf of those who purchased or acquired the securities of K12, Inc.&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/k12-inc-class-action-alert-wolf-haldenstein-adler-freeman-herz-llp-reminds-investors-that-a-securities-class-action-lawsuit-has-been-filed-in-the-united-states-district-court-for-the-eastern-2\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2020-12-02T21:03:15+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mma.prnewswire.com\/media\/1064977\/Wolf_Haldenstein_Adler_Freeman_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=\"3 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\\\/k12-inc-class-action-alert-wolf-haldenstein-adler-freeman-herz-llp-reminds-investors-that-a-securities-class-action-lawsuit-has-been-filed-in-the-united-states-district-court-for-the-eastern-2\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/k12-inc-class-action-alert-wolf-haldenstein-adler-freeman-herz-llp-reminds-investors-that-a-securities-class-action-lawsuit-has-been-filed-in-the-united-states-district-court-for-the-eastern-2\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"K12, INC. 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CLASS ACTION ALERT: Wolf Haldenstein Adler Freeman &amp; Herz LLP reminds investors that a securities class action lawsuit has been filed in the United States District Court for the Eastern District of Virginia on behalf of those who purchased or acquired the securities of K12, Inc. - Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/k12-inc-class-action-alert-wolf-haldenstein-adler-freeman-herz-llp-reminds-investors-that-a-securities-class-action-lawsuit-has-been-filed-in-the-united-states-district-court-for-the-eastern-2\/","og_locale":"en_US","og_type":"article","og_title":"K12, INC. CLASS ACTION ALERT: Wolf Haldenstein Adler Freeman &amp; Herz LLP reminds investors that a securities class action lawsuit has been filed in the United States District Court for the Eastern District of Virginia on behalf of those who purchased or acquired the securities of K12, Inc. - Market Newsdesk","og_description":"LEAD PLAINTIFF DEADLINE IS JANUARY 19, 2021 PR Newswire NEW YORK, Dec. 2, 2020 \/PRNewswire\/ &#8212;\u00a0Wolf Haldenstein Adler Freeman &amp; Herz LLP\u00a0announces that a federal securities class action lawsuit has been filed against K12, Inc. (&#8220;K12&#8221; or the &#8220;Company&#8221;) (NYSE: LRN) in the United States District Court for the Eastern District of Virginia on behalf of those who purchased or acquired the securities of K12 between April 27, 2020 to September 18, 2020, inclusive (the &#8220;Class Period&#8221;). All investors who purchased shares of K12, Inc. , and incurred losses are urged to contact the firm immediately at \u00a0classmember@whafh.com or (800) 575-0735 or (212) 545-4774. You may obtain additional information concerning the action or join the case on our website, www.whafh.com. &hellip; Continue reading \"K12, INC. 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