Labaton Keller Sucharow serves as Co-Lead Counsel in a securities class action against Stride, Inc. (Stride or the Company), the Company’s CEO James Rhyu, and its CFO Donna Blackman (collectively, Defendants) alleging violations of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934, 15 U.S.C. §§ 78j(b) and 78t(a), and Securities and Exchange Commission Rule 10b-5, on behalf of all persons or entities that purchased or otherwise acquired Stride common stock between October 23, 2024 and October 28, 2025, inclusive (the Class Period).
Stride is a technology-based education company that provides online and hybrid learning programs to students across the United States.
On February 9, 2026, the court appointed Oklahoma Police Pension and Retirement System, El Paso Firemen & Policemen Pension Fund, and Teamsters Retirement Pension Plan as Lead Plaintiffs and Labaton Keller Sucharow as Co-Lead Counsel.
On March 16, 2026, Lead Plaintiffs filed an Amended Class Action Complaint (the Amended Complaint) alleging that Defendants made materially false and misleading statements about Stride’s technology platforms and the capacity of those platforms to sustain and scale with the Company’s enrollment growth. Unbeknownst to investors, however, the Amended Complaint alleges that Defendants had determined that Stride’s most critical platforms were outdated, not scalable, could not support the growth that the Company promised to investors, and needed to be replaced. The truth came to light on October 28, 2025, when Defendants revealed that Stride had implemented new technology platforms during the Class Period because Stride had lost confidence in the scaling capabilities of the Company’s existing platforms, and that its implementation of these new platforms was plagued with crippling problems.
The case is MacMahon v. Stride, Inc., et al., No. 25-cv-2019 (E.D. Va.). Labaton Keller Sucharow represents El Paso Firemen & Policemen Pension Fund and Teamsters Retirement Pension Plan.
