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

• Tropidelic Links Up With International Reggae Star Collie Buddz and Eli Mac for Feel-Good Breakthrough Single "Follow Your Nature"
• Save 15 Percent on Florida Keys Accommodations with KeysCaribbean's 'Advance Purchase Rate Discount'
• Atelier 411 Studios and Columbus Fashion Council Present Red Carpet Experience at Gateway Film Center for The Devil Wears Prada 2
• Inclusive Prom "Garden of Glamour" to Celebrate 150+ Special Needs Guests in Bucks County
• Hazel E Celebrates Birthday with Luxury "Goddess" Yacht Experience in Marina del Rey

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

• Joseph Neibich sits down with Bold Jounrey (aka Joseph Nybyk)
• AI Suite 360 Launches Done-For-You AI Implementation to Rescue SMBs from the "Frankenstein Tax"
• CX Network Releases Report on the Best AI Support Tools for SaaS Companies 2026
• Outlier Pest Season Hits Willamette Valley as Mild Winter Drives Early Surge in Ant and Rodent Activity
• New Bethany Inc. Names Seven New Board Members

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