{"id":405541,"date":"2020-12-24T11:55:07","date_gmt":"2020-12-24T16:55:07","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=405541"},"modified":"2020-12-24T11:55:07","modified_gmt":"2020-12-24T16:55:07","slug":"investor-alert-kirby-mcinerney-llp-reminds-investors-that-a-class-action-lawsuit-has-been-filed-against-k12-inc-and-encourages-investors-to-contact-the-firm-before-january-19-2021-3","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/investor-alert-kirby-mcinerney-llp-reminds-investors-that-a-class-action-lawsuit-has-been-filed-against-k12-inc-and-encourages-investors-to-contact-the-firm-before-january-19-2021-3\/","title":{"rendered":"INVESTOR ALERT: Kirby McInerney LLP Reminds Investors That a Class Action Lawsuit Has Been Filed Against K12 Inc. and Encourages Investors to Contact the Firm Before January 19, 2021"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"justify\">NEW YORK, Dec.  24, 2020  (GLOBE NEWSWIRE) &#8212; The law firm of <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=Vz5IRcBZgiwO74KOj8jJ722SIpcBgAgbuA8bEnn2494mh48O4eSQHiuwNIJ6TaCgso-AHKSAfa28He2PutkFhg==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">Kirby McInerney LLP<\/a> reminds investors that a class action lawsuit has been filed in the U.S. District Court for the Eastern District of Virginia on behalf of those who acquired K12 Inc. (n\/k\/a Stride, Inc.) (\u201cK12\u201d or the \u201cCompany\u201d) (NYSE: <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=IHviwUtdcIFAZP67EIZrGlNpndkr0lP1OHj6E_E03oE0sg1JBsFZcIeGd9hakURfeckNXiN-pazwbj87UFSAWQi-qvbm6RMmh_S3UsyNa27kf-zMlfexdlB-7DUF7iGG\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">LRN<\/a>) securities during the period from April 27, 2020 through September 18, 2020 (the \u201cClass Period\u201d). Investors have until January 19, 2021 to apply to the Court to be appointed as lead plaintiff in the lawsuit.<\/p>\n<p align=\"justify\">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; and (4) K12\u2019s officers lacked a reasonable basis for their positive statements about the Company\u2019s business, operations, and prospects.<\/p>\n<p align=\"justify\">On 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 declined by $4.40 (or 10.1%) to close at $39.17 on August 26, 2020.<\/p>\n<p align=\"justify\">When 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 declined by $1.66 (or 4.5%) to close at $34.89 on September 3, 2020.<\/p>\n<p align=\"justify\">On September 10, 2020, the Miami-Dade County Public School\u2019s Board voted to terminate their contract with K12. On this news, the price of K12 common shares declined by $3.21 (or 11.5%) to close at $30.55 on September 10, 2020.<\/p>\n<p align=\"justify\">If you acquired K12 securities, have information, or would like to learn more about these claims, please contact <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=NX1yL9F9V4zl8nmOFFNUmHIlgLsdCqMRTiRJQu5I4QJ-fu0d6oCp-3_iIv5hwt8oFiw9nZW2-qQZcZayYz8fktNJ-MROeWbtbZpyT5wzUZ4=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">Thomas W. Elrod<\/a> of Kirby McInerney at 212-371-6600, by email at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=eyg2X_TrjEvbkHpPWwG2AlKlhUYKZe7AhgCXUnGhQ9lGicYfi79QazB2JogvpBfkvNMJ7n43z5r6sJpSbQvGEgQmc7OTnRNauyPYdA_mDVY=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">investigations@kmllp.com<\/a>, or by filling out <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=tHWEpTI-4-2AqwYz3u-4AdOpa4SqYMIOXq2TvCJ20GB9Y4RAX0cTFIl696PZJOdekZBAeLUqUcn6Ctn7udAej4OJ1Xj7EmmQokSjWQpJtUs=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">this contact form<\/a>, to discuss your rights or interests with respect to these matters without any cost to you.<\/p>\n<p align=\"justify\">\n        <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=Vz5IRcBZgiwO74KOj8jJ71_aSK5hwpP__AnqXK1wmyfBgY0pZnGiq98rkIyC-hQMQMSuddBLDBVUkYB2rEWKNg==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">Kirby McInerney<\/a> is a New York-based plaintiffs\u2019 law firm concentrating in securities, antitrust, and whistleblower litigation. The firm\u2019s efforts on behalf of shareholders in securities litigation have resulted in recoveries totaling billions of dollars. Additional information about the firm can be found at Kirby McInerney\u2019s website: <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=rJNuXs9diuTjewhzQM0qcMGU5dhuos_npmfouCJ-FdTX69k_oWBeGuhzttR0DvcI2MCdwTgHQYqf11Hnc_vWxA==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">www.kmllp.com<\/a>.<\/p>\n<p align=\"justify\">This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.<\/p>\n<p>Contacts<\/p>\n<p>Kirby McInerney LLP<br \/>Thomas W. Elrod, Esq., (212) 371-6600<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=eyg2X_TrjEvbkHpPWwG2AlKlhUYKZe7AhgCXUnGhQ9ll3Qm4gJTe2wToHc99GloJOOty6egI3yqYhtkdk8-5JrCovyuaITb2k-Q0wSKOs44=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">investigations@kmllp.com<\/a><br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=rJNuXs9diuTjewhzQM0qcNmVRVusiGgW32fKciUyTnZqKbktJzCi6mBnRwDyrOpT8gHXgvIE3ALtF1Cgo2hCxw==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">www.kmllp.com<\/a><\/p>\n<\/p>\n<p>      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODExNzU2MCMzODk2MDk3IzIwMjA2Njk=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/0373a421-13fa-43d7-8c04-109d6d0c8cfb\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>NEW YORK, Dec. 24, 2020 (GLOBE NEWSWIRE) &#8212; The law firm of Kirby McInerney LLP reminds investors that a class action lawsuit has been filed in the U.S. District Court for the Eastern District of Virginia on behalf of those who acquired K12 Inc. (n\/k\/a Stride, Inc.) (\u201cK12\u201d or the \u201cCompany\u201d) (NYSE: LRN) securities during the period from April 27, 2020 through September 18, 2020 (the \u201cClass Period\u201d). Investors have until January 19, 2021 to apply to the Court to be appointed as lead plaintiff in the lawsuit. 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 &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/investor-alert-kirby-mcinerney-llp-reminds-investors-that-a-class-action-lawsuit-has-been-filed-against-k12-inc-and-encourages-investors-to-contact-the-firm-before-january-19-2021-3\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;INVESTOR ALERT: Kirby McInerney LLP Reminds Investors That a Class Action Lawsuit Has Been Filed Against K12 Inc. and Encourages Investors to Contact the Firm Before January 19, 2021&#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-405541","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>INVESTOR ALERT: Kirby McInerney LLP Reminds Investors That a Class Action Lawsuit Has Been Filed Against K12 Inc. and Encourages Investors to Contact the Firm Before January 19, 2021 - 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\/investor-alert-kirby-mcinerney-llp-reminds-investors-that-a-class-action-lawsuit-has-been-filed-against-k12-inc-and-encourages-investors-to-contact-the-firm-before-january-19-2021-3\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"INVESTOR ALERT: Kirby McInerney LLP Reminds Investors That a Class Action Lawsuit Has Been Filed Against K12 Inc. and Encourages Investors to Contact the Firm Before January 19, 2021 - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"NEW YORK, Dec. 24, 2020 (GLOBE NEWSWIRE) &#8212; The law firm of Kirby McInerney LLP reminds investors that a class action lawsuit has been filed in the U.S. District Court for the Eastern District of Virginia on behalf of those who acquired K12 Inc. (n\/k\/a Stride, Inc.) (\u201cK12\u201d or the \u201cCompany\u201d) (NYSE: LRN) securities during the period from April 27, 2020 through September 18, 2020 (the \u201cClass Period\u201d). Investors have until January 19, 2021 to apply to the Court to be appointed as lead plaintiff in the lawsuit. 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 &hellip; Continue reading &quot;INVESTOR ALERT: Kirby McInerney LLP Reminds Investors That a Class Action Lawsuit Has Been Filed Against K12 Inc. and Encourages Investors to Contact the Firm Before January 19, 2021&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/investor-alert-kirby-mcinerney-llp-reminds-investors-that-a-class-action-lawsuit-has-been-filed-against-k12-inc-and-encourages-investors-to-contact-the-firm-before-january-19-2021-3\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2020-12-24T16:55:07+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODExNzU2MCMzODk2MDk3IzIwMjA2Njk=\" \/>\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=\"2 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\\\/investor-alert-kirby-mcinerney-llp-reminds-investors-that-a-class-action-lawsuit-has-been-filed-against-k12-inc-and-encourages-investors-to-contact-the-firm-before-january-19-2021-3\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/investor-alert-kirby-mcinerney-llp-reminds-investors-that-a-class-action-lawsuit-has-been-filed-against-k12-inc-and-encourages-investors-to-contact-the-firm-before-january-19-2021-3\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"INVESTOR ALERT: Kirby McInerney LLP Reminds Investors That a Class Action Lawsuit Has Been Filed Against K12 Inc. and Encourages Investors to Contact the Firm Before January 19, 2021\",\"datePublished\":\"2020-12-24T16:55:07+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/investor-alert-kirby-mcinerney-llp-reminds-investors-that-a-class-action-lawsuit-has-been-filed-against-k12-inc-and-encourages-investors-to-contact-the-firm-before-january-19-2021-3\\\/\"},\"wordCount\":477,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/investor-alert-kirby-mcinerney-llp-reminds-investors-that-a-class-action-lawsuit-has-been-filed-against-k12-inc-and-encourages-investors-to-contact-the-firm-before-january-19-2021-3\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODExNzU2MCMzODk2MDk3IzIwMjA2Njk=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/investor-alert-kirby-mcinerney-llp-reminds-investors-that-a-class-action-lawsuit-has-been-filed-against-k12-inc-and-encourages-investors-to-contact-the-firm-before-january-19-2021-3\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/investor-alert-kirby-mcinerney-llp-reminds-investors-that-a-class-action-lawsuit-has-been-filed-against-k12-inc-and-encourages-investors-to-contact-the-firm-before-january-19-2021-3\\\/\",\"name\":\"INVESTOR ALERT: Kirby McInerney LLP Reminds Investors That a Class Action Lawsuit Has Been Filed Against K12 Inc. and Encourages Investors to Contact the Firm Before January 19, 2021 - 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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\/investor-alert-kirby-mcinerney-llp-reminds-investors-that-a-class-action-lawsuit-has-been-filed-against-k12-inc-and-encourages-investors-to-contact-the-firm-before-january-19-2021-3\/","og_locale":"en_US","og_type":"article","og_title":"INVESTOR ALERT: Kirby McInerney LLP Reminds Investors That a Class Action Lawsuit Has Been Filed Against K12 Inc. and Encourages Investors to Contact the Firm Before January 19, 2021 - Market Newsdesk","og_description":"NEW YORK, Dec. 24, 2020 (GLOBE NEWSWIRE) &#8212; The law firm of Kirby McInerney LLP reminds investors that a class action lawsuit has been filed in the U.S. District Court for the Eastern District of Virginia on behalf of those who acquired K12 Inc. (n\/k\/a Stride, Inc.) (\u201cK12\u201d or the \u201cCompany\u201d) (NYSE: LRN) securities during the period from April 27, 2020 through September 18, 2020 (the \u201cClass Period\u201d). Investors have until January 19, 2021 to apply to the Court to be appointed as lead plaintiff in the lawsuit. 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 &hellip; Continue reading \"INVESTOR ALERT: Kirby McInerney LLP Reminds Investors That a Class Action Lawsuit Has Been Filed Against K12 Inc. and Encourages Investors to Contact the Firm Before January 19, 2021\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/investor-alert-kirby-mcinerney-llp-reminds-investors-that-a-class-action-lawsuit-has-been-filed-against-k12-inc-and-encourages-investors-to-contact-the-firm-before-january-19-2021-3\/","og_site_name":"Market Newsdesk","article_published_time":"2020-12-24T16:55:07+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODExNzU2MCMzODk2MDk3IzIwMjA2Njk=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/investor-alert-kirby-mcinerney-llp-reminds-investors-that-a-class-action-lawsuit-has-been-filed-against-k12-inc-and-encourages-investors-to-contact-the-firm-before-january-19-2021-3\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/investor-alert-kirby-mcinerney-llp-reminds-investors-that-a-class-action-lawsuit-has-been-filed-against-k12-inc-and-encourages-investors-to-contact-the-firm-before-january-19-2021-3\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"INVESTOR ALERT: Kirby McInerney LLP Reminds Investors That a Class Action Lawsuit Has Been Filed Against K12 Inc. and Encourages Investors to Contact the Firm Before January 19, 2021","datePublished":"2020-12-24T16:55:07+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/investor-alert-kirby-mcinerney-llp-reminds-investors-that-a-class-action-lawsuit-has-been-filed-against-k12-inc-and-encourages-investors-to-contact-the-firm-before-january-19-2021-3\/"},"wordCount":477,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/investor-alert-kirby-mcinerney-llp-reminds-investors-that-a-class-action-lawsuit-has-been-filed-against-k12-inc-and-encourages-investors-to-contact-the-firm-before-january-19-2021-3\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODExNzU2MCMzODk2MDk3IzIwMjA2Njk=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/investor-alert-kirby-mcinerney-llp-reminds-investors-that-a-class-action-lawsuit-has-been-filed-against-k12-inc-and-encourages-investors-to-contact-the-firm-before-january-19-2021-3\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/investor-alert-kirby-mcinerney-llp-reminds-investors-that-a-class-action-lawsuit-has-been-filed-against-k12-inc-and-encourages-investors-to-contact-the-firm-before-january-19-2021-3\/","name":"INVESTOR ALERT: Kirby McInerney LLP Reminds Investors That a Class Action Lawsuit Has Been Filed Against K12 Inc. and Encourages Investors to Contact the Firm Before January 19, 2021 - 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