NEW YORK — Scott+Scott today filed a securities class action against Virginia-based online education provider Stride, Inc., a platform that offers digital learning content for students throughout the United States.
The lawsuit brought in the United States District Court for the Eastern District of Virginia against Stride and several of the company’s top executives alleges that the digital education provider misleadingly claimed to be “one of the nation’s most successful technology-based education companies.”
According to the complaint, unbeknownst to the market, Stride inflated enrollment numbers, cut staff cost beyond required statutory limits, ignored compliance requirements, and kept losing existing and potential student enrollments.
“In my view, this lawsuit touches on significant matters of public interest, including the quality of education provided to children in our nation’s rural areas,” said Scott+Scott Partner Thomas Laughlin.
As a result, investors who purchased Stride securities between October 22, 2024 and October 28, 2025, suffered significant financial losses. The case is: Vivienne MacMahon v. Stride, Inc. et al., No. 1:25-cv-02019 (D. Va.)