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IMMINENT SHAREHOLDER DEADLINE: K12 Inc. Sued for Violations of the Federal Securities Laws; Investors Should Contact Block & Leviton LLP
IMMINENT SHAREHOLDER DEADLINE: K12 Inc. Sued for Violations of the Federal Securities Laws; Investors Should Contact Block & Leviton LLP
BOSTON, Jan. 14, 2021 — Due to the global COVID-19 pandemic, school districts nationwide were forced to cancel or limit in-person classes and shift to online and virtual learning. K12 Inc. (NYSE: LRN), as a technology-based education company, appeared primed to benefit from this shift and embarked on a campaign to portray itself as capable and ready to take advantage of the shift to virtual instruction. In reality, K12 was neither ready nor capable. As this became clear to the market, the stock price plunged over 50% from its 2020 peak price of over $50.00 per share.