NYSE:LRN Stockholder Notice: Lawsuit alleges False and Misleading Statements by K12 Inc.

A stockholder of K12 Inc. filed a lawsuit over alleged Securities Laws violations by K12 Inc.

Investors who purchased shares of K12 Inc. (NYSE:LRN) have certain options and for certain investors are short and strict deadlines running. Deadline: September 19, 2016. NYSE:LRN investors should contact the Shareholders Foundation at [email protected] or call +1(858) 779 - 1554.

The plaintiff claims that between November 7, 2013 through October 27, 2015 defendants issued false and misleading statements to investors and/or failed to disclose that K12 Inc. was publishing misleading advertisements about students’ academic progress, parent satisfaction, their graduates’ eligibility for University of California and California State University admission, class sizes, the individualized and flexible nature of K12’s instruction, hidden costs, and the quality of the materials provided to students, that K12 Inc. submitted inflated student attendance numbers to the California Department of Education in order to collect additional funding, that K12 Inc. was open to potential civil and criminal liability due to these practices, that K12 Inc. would likely be forced to end these practices, which would have a negative impact on K12’s operations and prospects, and/or that K12 was, in fact, ending the practices, and that as a result, K12’s public statements were materially false and misleading at all relevant times.

Those who purchased shares of K12 Inc. (NYSE:LRN) have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
[email protected]

Posted by ShareholdersFoundation on Tuesday August 16 2016, 12:16 AM EST. All trademarks acknowledged. Filed under Uncategorized. Comments and Trackbacks closed. Follow responses: RSS 2.0