Class Action Reports

K12 Inc. Class Action Lawsuit

Matt Snitzer

January 13, 2021

Levi & Korsinsky, LLP reminds shareholders that a LRN class action lawsuit has been commenced on behalf of investors who purchased K12 Inc. (LRN) securities between April 27, 2020 and September 18, 2020. For more on the K12 Class Action please contact us today.

 

According to the K12 lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: (i) K12 lacked the technological capabilities, infrastructures, and expertise to support the increased demand for virtual and blended education necessitated by the global pandemic; (ii) K12 lacked adequate cyberattack protocols and protections to prevent the disabling of its computer system; (iii) K12 was unable provide the necessary levels of administrative support and training to teachers, students, and parents; and (iv) based on the foregoing, Defendants lacked a reasonable basis for their positive statements about the Company’s business, operations, and prospects and/or lacked a reasonable basis and omitted facts.

 

TO LEARN MORE ABOUT THE LRN CLASS ACTION, CLICK HERE

 

If you suffered a loss in K12 you have until January 19, 2021 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery does not require that you serve as a lead plaintiff.

 

CONTACT:

Levi & Korsinsky, LLP

Joseph E. Levi, Esq.

55 Broadway, 10th Floor

New York, NY 10006

jlevi@levikorsinsky.com

Tel: (212) 363-7500

Fax: (212) 363-7171

www.zlk.com