K12 Inc

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Case Summary
Company Name: K12 Inc
Stock Symbol : NYSE:LRN
Class Period Start: 11/07/2013
Class Period End: 10/27/2015
Lead Plaintiff motion: 09/19/2016
Date Filed: 07/20/2016
Type of Case: Securities Class Action
Court: U.S. District Court for the Northern District of California
Summary:

Thieler Law Corp advises investors with losses exceeding $100,000 of the September 19, 2016 lead plaintiff deadline in a class action lawsuit filed against K12 Inc (NYSE:LRN) (“K12” or “the Company”). The suit is pending in the U.S. District Court for the Northern District of California and investors, who purchased K12 Inc securities between November 7, 2013 and October 27, 2015, have until September 19, 2016 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class.

If you purchased K12 Inc securities during the Class Period, and have losses over $100,000, you may contact Thieler Law Corp by calling at (619) 377 - 4324 or emailing mail@thielerlaw.com . No class has been certified in this case, and if your losses are less than $100,000 you are still a member of the class.

The complaint alleges that during the Class Period defendants made false and misleading statements and/or allegedly failed to disclose that the Company published misleading advertisements about students' academic progress, parent satisfaction, graduates' eligibility for admission into the University of California and California State University, class sizes, the individualized and flexible nature of K12's instruction, hidden costs, and the quality of the materials provided to students; that the Company submitted inflated student attendance numbers to the California Department of Education in order to receive additional funding; that K12 was open to potential civil and criminal liability due to these practices; that K12 would likely be forced to end these practices, which would have a negative impact on its operations and prospects; and as a result of the above, K12's public statements were materially false and misleading at all relevant times.

On October 27, 2015, after-market, K12 revealed that on September 24, 2015 they received a subpoena for an industry-wide investigation into for-profit virtual schools from the Attorney General of California.

Following this news, shares of K12 have fallen as much as $0.63, or more than 6%, during intraday trading on October 28, 2015.

If you were negatively impacted by your investment in K12 Inc securities between November 7, 2013 and October 27, 2015 and would like to learn more about this lawsuit and your ability to participate as a lead plaintiff, please contact us for your no-cost evaluation.

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Thieler Law Corp

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email: mail@thielerlaw.com

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