LRN ALERT: The Klein Law Firm Announces a Lead Plaintiff Deadline of January 19, 2021 in the Class Action Filed on Behalf of K12 Inc. Limited Shareholders

January 12, 2021 2:29 PM EST | Source: Klein Law Firm

New York, New York--(Newsfile Corp. - January 12, 2021) -  The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of K12 Inc. (NYSE: LRN) alleging that the Company violated federal securities laws.

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Class Period: April 27, 2020 and September 18, 2020
Lead Plaintiff Deadline: January 19, 2021

Learn more about your recoverable losses in LRN:
http://www.kleinstocklaw.com/pslra-1/k12inc-loss-submission-form?id=12113&from=5

The filed complaint alleges that K12 Inc. made materially 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.

Shareholders have until January 19, 2021 to petition the court for lead plaintiff status. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.

For additional information about the LRN lawsuit, please contact J. Klein, Esq. by telephone at 212-616-4899 or click the link above.

J. Klein, Esq. represents investors and participates in securities litigations involving financial fraud throughout the nation. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:
J. Klein, Esq.
Empire State Building
350 Fifth Avenue
59th Floor
New York, NY 10118
jk@kleinstocklaw.com
Telephone: (212) 616-4899
Fax: (347) 558-9665
www.kleinstocklaw.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/71862

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