{"id":407400,"date":"2021-01-04T08:03:37","date_gmt":"2021-01-04T13:03:37","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=407400"},"modified":"2021-01-04T08:03:37","modified_gmt":"2021-01-04T13:03:37","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-3","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-3\/","title":{"rendered":"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 those who purchased or acquired the securities of K12, Inc."},"content":{"rendered":"
\n

NEW YORK, Jan. 04, 2021 (GLOBE NEWSWIRE) — Wolf Haldenstein Adler Freeman & <\/a>Herz<\/a> LLP<\/a>\u00a0announces that a federal securities class action lawsuit has been filed against K12, Inc. (\u201cK12\u201d or the \u201cCompany\u201d) (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 \u201cClass Period\u201d).<\/p>\n

\n All<\/strong>\u00a0investors\u00a0who<\/strong>\u00a0purchased<\/strong>\u00a0shares\u00a0of<\/strong>\u00a0K12, Inc.,<\/strong>\u00a0and\u00a0incurred losses\u00a0are<\/strong>\u00a0urged<\/strong>\u00a0to contact the firm\u00a0immediately at\u00a0<\/strong>classmember@whafh.com<\/strong><\/a>\u00a0or (800) 575-0735 or (212) 545-4774.\u00a0You may obtain additional information concerning the action\u00a0or\u00a0<\/strong>join the case<\/strong><\/a>\u00a0on our\u00a0website, <\/strong>www.whafh.com<\/strong><\/a>.<\/strong><\/a><\/p>\n

If you have incurred losses in the shares of against\u00a0K12, Inc.,<\/strong>\u00a0you<\/strong>\u00a0may,<\/strong>\u00a0no<\/strong>\u00a0later than<\/strong>\u00a0January 19, 2021,<\/strong>\u00a0request that the Court appoint you lead plaintiff of the proposed class.\u00a0\u00a0 Please contact\u00a0Wolf Haldenstein<\/a>\u00a0to learn more about your rights as an investor in the shares of K12, Inc.<\/p>\n

\n CLICK HERE TO JOIN CASE<\/a>\n <\/p>\n

On August 26, 2020, reports emerged that K12\u2019s training for teachers in Miami-Dade County Public Schools (Florida), 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.<\/p>\n

When classes in Miami-Dade commenced on August 31, 2020, K12\u2019s platform experienced major technical issues, disruptions, and a series of cyber attacks. 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.<\/p>\n

A 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.<\/p>\n

Other 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 (South Carolina) 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.<\/p>\n

\n Wolf Haldenstein Adler Freeman & <\/a>
\n Herz<\/a>
\n LLP<\/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. The firm has attorneys in various practice areas; and offices in New York, Chicago and San Diego. 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

If you wish to discuss this action or have any questions regarding your rights and interests in this case, please immediately contact\u00a0Wolf Haldenstein<\/a>\u00a0by telephone at (800) 575-0735, via e-mail at\u00a0classmember@whafh.com<\/a>, or visit our website at\u00a0www.whafh.com<\/a>.<\/a><\/p>\n

Contact:<\/p>\n

Wolf Haldenstein Adler Freeman & Herz LLP
Kevin Cooper, Esq.
Gregory Stone, Director of Case and Financial Analysis
Email:\u00a0gstone@whafh.com<\/a>,\u00a0kcooper@whafh.com<\/a>\u00a0or\u00a0classmember@whafh.com<\/a>
Tel: (800) 575-0735 or (212) 545-4774<\/p>\n

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.<\/p>\n<\/p>\n


\n
\n \n <\/div>\n

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

NEW YORK, Jan. 04, 2021 (GLOBE NEWSWIRE) — Wolf Haldenstein Adler Freeman & Herz LLP\u00a0announces that a federal securities class action lawsuit has been filed against K12, Inc. (\u201cK12\u201d or the \u201cCompany\u201d) (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 \u201cClass Period\u201d). All\u00a0investors\u00a0who\u00a0purchased\u00a0shares\u00a0of\u00a0K12, Inc.,\u00a0and\u00a0incurred losses\u00a0are\u00a0urged\u00a0to contact the firm\u00a0immediately at\u00a0classmember@whafh.com\u00a0or (800) 575-0735 or (212) 545-4774.\u00a0You may obtain additional information concerning the action\u00a0or\u00a0join the case\u00a0on our\u00a0website, www.whafh.com. If you have incurred losses in the shares of against\u00a0K12, Inc.,\u00a0you\u00a0may,\u00a0no\u00a0later than\u00a0January 19, 2021,\u00a0request that the Court appoint you lead plaintiff of the proposed class.\u00a0\u00a0 Please contact\u00a0Wolf … <\/p>\n

Continue reading “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 those who purchased or acquired the securities of K12, Inc.”<\/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-407400","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nK12, 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 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-3\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"K12, INC. 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All\u00a0investors\u00a0who\u00a0purchased\u00a0shares\u00a0of\u00a0K12, Inc.,\u00a0and\u00a0incurred losses\u00a0are\u00a0urged\u00a0to contact the firm\u00a0immediately at\u00a0classmember@whafh.com\u00a0or (800) 575-0735 or (212) 545-4774.\u00a0You may obtain additional information concerning the action\u00a0or\u00a0join the case\u00a0on our\u00a0website, www.whafh.com. If you have incurred losses in the shares of against\u00a0K12, Inc.,\u00a0you\u00a0may,\u00a0no\u00a0later than\u00a0January 19, 2021,\u00a0request that the Court appoint you lead plaintiff of the proposed class.\u00a0\u00a0 Please contact\u00a0Wolf … Continue reading "K12, INC. 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