An investigation for investors in NYSE:LRN shares concerning potential breaches of fiduciary duties by certain directors and officers of K12 Inc. was announced.
Investors who are current long term investors in K12 Inc. (NYSE:LRN) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 – 1554.
The investigation by a law firm for current long term investors in NYSE:LRN stocks follows a lawsuit filed recently against K12 Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NYSE:LRN stocks, concerns whether certain K12 directors are liable in connection with the allegations made in that lawsuit.
The plaintiff alleges that the 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.
On October 4, 2016, NYSE:LRN shares closed at $14.15 per share.
Those who purchased NYSE:LRN shares 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
mail@shareholdersfoundation.com