The PennZone

BERWYN, Pa., Dec. 2, 2020 /PRNewswire/ -- RM LAW, P.C. announces that a class action lawsuit has been filed on behalf of all persons or entities that purchased K12 Inc. ("K12" or the "Company") (NYSE: LRN) securities during the period from April 27, 2020 through September 18, 2020 inclusive (the "Class Period").

K12 shareholders may, no later than January 19, 2021 move the Court for appointment as a lead plaintiff of the Class. If you purchased shares of K12 and would like to learn more about these claims or if you wish to discuss these matters and have any questions concerning this announcement or your rights, contact Richard A. Maniskas, Esquire toll-free at (844) 291-9299 or to sign up online, click here.

According to the Complaint, the Company made false and misleading statements to the market. K12 failed to build and maintain the necessary technology, infrastructure, and knowledgebase necessary to support increased demand for distance learning caused by the COVID-19 pandemic. The Company lacked the appropriate cybersecurity measures necessary to prevent its systems from being disabled by bad actors. The Company failed to provide support and training to educators, parents, and students. Based on these facts, the Company's public statements were false and materially misleading throughout the class period. When the market learned the truth about K12, investors suffered damages.

More on The PennZone

• Northeast Airlines and Travel, Inc. Initiates FAA Part 121 Certification for Boeing 737-800 Freighter Cargo Operations
• RevOtter Names Levi Bilbrey CEO, as Company Expands Fractional CMO, RevOps and Web Design Services
• The J Wes Project Announces "The Mystery of Love" Documentary
• Walker's Realty and North Jersey Properties Introduce Extraordinary Luxury Estate for Rent in West Orange, New Jersey
• Extreme Heat Strains Home Appliances: Appliance EMT Offers "Summer Rescue" Relief

If you are a member of the class, you may, no later than January 19, 2021 request that the Court appoint you as lead plaintiff of the class.  A lead plaintiff is a representative party that acts on behalf of other class members in directing the litigation.  In order to be appointed lead plaintiff, the Court must determine that the class member's claim is typical of the claims of other class members, and that the class member will adequately represent the class.  Under certain circumstances, one or more class members may together serve as "lead plaintiff."  Your ability to share in any recovery is not, however, affected by the decision whether or not to serve as a lead plaintiff.  You may retain RM LAW, P.C. or other counsel of your choice, to serve as your counsel in this action.

For more information regarding this, please contact RM LAW, P.C.  (Richard A. Maniskas, Esquire) toll-free at (844) 291-9299 or by email at [email protected] or click here.   For more information about class action cases in general or to learn more about RM LAW, P.C. please visit our website by clicking here.

More on The PennZone

• Independent West Texas Metal Multi-Instrumentalist & Producer. "MAD CHAD™" Russell Surpasses 1.9 Million Project Interactions Via DFGS Productions
• No Download Needed: Goosechase Adds Browser Play to Every Experience
• HER Patio Productions celebrates one-year Anniversary of "Say Grace"
• Working Musicians Academy Partners with Black Dog Music Partners to Give Musicians Independent, Income-Producing Careers
• Omnitronics launches Ecosystem Health Dashboard to enable proactive monitoring across dispatch environments

RM LAW, P.C. is a national shareholder litigation firm.  RM LAW, P.C. is devoted to protecting the interests of individual and institutional investors in shareholder actions in state and federal courts nationwide.

CONTACT:	RM LAW, P.C.
	Richard A. Maniskas, Esquire
	1055 Westlakes Dr., Ste. 300
	Berwyn, PA 19312
	484-324-6800
	844-291-9299
	[email protected]

SOURCE RM LAW, P.C.

Related Links

http://www.rmclasslaw.com

---

Show All News | Disclaimer | Report Violation