{"id":393095,"date":"2020-12-03T16:03:04","date_gmt":"2020-12-03T21:03:04","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=393095"},"modified":"2020-12-03T16:03:04","modified_gmt":"2020-12-03T21:03:04","slug":"the-law-offices-of-frank-r-cruz-announces-investigation-of-k12-inc-lrn-on-behalf-of-investors","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/the-law-offices-of-frank-r-cruz-announces-investigation-of-k12-inc-lrn-on-behalf-of-investors\/","title":{"rendered":"The Law Offices of Frank R. Cruz Announces Investigation of K12 Inc. (LRN) on Behalf of Investors"},"content":{"rendered":"<p>        <!--body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p><b>The Law Offices of Frank R. Cruz Announces Investigation of K12 Inc. (LRN) on Behalf of Investors<\/b><\/p>\n<p><b><i>Shareholders with $100,000 losses or more are encouraged to contact the firm<\/i><\/b><\/p>\n<p>LOS ANGELES&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.frankcruzlaw.com%2F&amp;esheet=52342014&amp;newsitemid=20201203005335&amp;lan=en-US&amp;anchor=The+Law+Offices+of+Frank+R.+Cruz&amp;index=1&amp;md5=e087f7ee12bd736c7141f4cc3a01ca84\">The Law Offices of Frank R. Cruz<\/a> announces an investigation of K12 Inc. (\u201cK12\u201d or the \u201cCompany\u201d) (NYSE: <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Ffinance.yahoo.com%2Fquote%2FLRN&amp;esheet=52342014&amp;newsitemid=20201203005335&amp;lan=en-US&amp;anchor=LRN&amp;index=2&amp;md5=f453071fd67e80c96965b8521b85436a\">LRN<\/a>) on behalf of investors concerning the Company\u2019s possible violations of federal securities laws.\n<\/p>\n<p>\nIf you are a shareholder who suffered a loss, click <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.frankcruzlaw.com%2Fcases%2Fk12-inc%2F&amp;esheet=52342014&amp;newsitemid=20201203005335&amp;lan=en-US&amp;anchor=here&amp;index=3&amp;md5=1c116402cc1f9639cd021b3df71d915d\">here<\/a> to participate.\n<\/p>\n<p>\nOn August 26, 2020, reports surfaced that K12\u2019s training for teachers on its online education platform in Miami-Dade County Public Schools, one of the largest school districts in the country, had been ineffective and \u201cunacceptable.\u201d\n<\/p>\n<p>\nOn this news, the Company\u2019s stock price fell $5.87, or 13.5%, over the course of two trading days to close at $37.70 on August 27, 2020.\n<\/p>\n<p>\nOn August 31, 2020, when classes in Miami-Dade started, K12\u2019s platform experienced major technical issues, disruptions, and a series of cyberattacks. During a district Board meeting to discuss the problems with K12\u2019s platform, the district\u2019s superintendent revealed that the district had never executed its $15.3 million contract with K12.\n<\/p>\n<p>\nOn this news, the price of K12 shares fell by $3.96, or 10.2%, over the course of two trading days, to close at $34.89 on September 3, 2020.\n<\/p>\n<p>\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 its contract with K12.\n<\/p>\n<p>\nOn this news, the Company\u2019s stock price fell by $3.21, or 9.5%, to close at $30.55 on September 10, 2020.\n<\/p>\n<p>\nOn September 17, 2020, due to the lack 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.\n<\/p>\n<p>\nOn this news, the Company\u2019s stock price fell $1.09, or 3.9%, to close at $27.21 on September 18, 2020.\n<\/p>\n<p>\nFollow us for updates on Twitter: <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Ftwitter.com%2FFRC_LAW&amp;esheet=52342014&amp;newsitemid=20201203005335&amp;lan=en-US&amp;anchor=twitter.com%2FFRC_LAW&amp;index=4&amp;md5=a4fb0851fc7cd6b30d31876278da8e51\">twitter.com\/FRC_LAW<\/a>.\n<\/p>\n<p>\nIf you purchased K12 securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Frank R. Cruz, of The Law Offices of Frank R. Cruz, 1999 Avenue of the Stars, Suite 1100, Los Angeles, California 90067 at 310-914-5007, by email to <a rel=\"nofollow\" href=\"mailto:info@frankcruzlaw.com\">info@frankcruzlaw.com<\/a>, or visit our website at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.frankcruzlaw.com&amp;esheet=52342014&amp;newsitemid=20201203005335&amp;lan=en-US&amp;anchor=www.frankcruzlaw.com&amp;index=5&amp;md5=02d260acd45fa75f48a06cc3dc2a0470\">www.frankcruzlaw.com<\/a>. If you inquire by email please include your mailing address, telephone number, and number of shares purchased.\n<\/p>\n<p>\nThis press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20201203005335r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20201203005335\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20201203005335\/en\/<\/a><\/span><\/p>\n<p>\nThe Law Offices of Frank R. Cruz, Los Angeles<br \/>\n<br \/>Frank R. Cruz, 310-914-5007<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:fcruz@frankcruzlaw.com\">fcruz@frankcruzlaw.com<br \/>\n<\/a><br \/><a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.frankcruzlaw.com&amp;esheet=52342014&amp;newsitemid=20201203005335&amp;lan=en-US&amp;anchor=www.frankcruzlaw.com&amp;index=6&amp;md5=863e7fe0695ca61b3d01686bab0b5b19\">www.frankcruzlaw.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> United States North America California<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Legal Professional Services<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20201203005335\/en\/765953\/3\/Close_Up_Logo_HD_Blue.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>The Law Offices of Frank R. Cruz Announces Investigation of K12 Inc. (LRN) on Behalf of Investors Shareholders with $100,000 losses or more are encouraged to contact the firm LOS ANGELES&#8211;(BUSINESS WIRE)&#8211;The Law Offices of Frank R. Cruz announces an investigation of K12 Inc. (\u201cK12\u201d or the \u201cCompany\u201d) (NYSE: LRN) on behalf of investors concerning the Company\u2019s possible violations of federal securities laws. If you are a shareholder who suffered a loss, click here to participate. On August 26, 2020, reports surfaced that K12\u2019s training for teachers on its online education platform in Miami-Dade County Public Schools, one of the largest school districts in the country, had been ineffective and \u201cunacceptable.\u201d On this news, the Company\u2019s stock price fell $5.87, &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/the-law-offices-of-frank-r-cruz-announces-investigation-of-k12-inc-lrn-on-behalf-of-investors\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;The Law Offices of Frank R. Cruz Announces Investigation of K12 Inc. (LRN) on Behalf of Investors&#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-393095","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>The Law Offices of Frank R. Cruz Announces Investigation of K12 Inc. (LRN) on Behalf of Investors - 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\/the-law-offices-of-frank-r-cruz-announces-investigation-of-k12-inc-lrn-on-behalf-of-investors\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Law Offices of Frank R. Cruz Announces Investigation of K12 Inc. (LRN) on Behalf of Investors - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"The Law Offices of Frank R. Cruz Announces Investigation of K12 Inc. (LRN) on Behalf of Investors Shareholders with $100,000 losses or more are encouraged to contact the firm LOS ANGELES&#8211;(BUSINESS WIRE)&#8211;The Law Offices of Frank R. Cruz announces an investigation of K12 Inc. (\u201cK12\u201d or the \u201cCompany\u201d) (NYSE: LRN) on behalf of investors concerning the Company\u2019s possible violations of federal securities laws. If you are a shareholder who suffered a loss, click here to participate. On August 26, 2020, reports surfaced that K12\u2019s training for teachers on its online education platform in Miami-Dade County Public Schools, one of the largest school districts in the country, had been ineffective and \u201cunacceptable.\u201d On this news, the Company\u2019s stock price fell $5.87, &hellip; Continue reading &quot;The Law Offices of Frank R. Cruz Announces Investigation of K12 Inc. 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(\u201cK12\u201d or the \u201cCompany\u201d) (NYSE: LRN) on behalf of investors concerning the Company\u2019s possible violations of federal securities laws. If you are a shareholder who suffered a loss, click here to participate. On August 26, 2020, reports surfaced that K12\u2019s training for teachers on its online education platform in Miami-Dade County Public Schools, one of the largest school districts in the country, had been ineffective and \u201cunacceptable.\u201d On this news, the Company\u2019s stock price fell $5.87, &hellip; Continue reading \"The Law Offices of Frank R. Cruz Announces Investigation of K12 Inc. 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