TMCnet News
LEAD PLAINTIFF DEADLINE: The Alexander Firm P.C. Announces Upcoming Lead Plaintiff Deadline of April 1, 2014, Concerning Class Actions Against K12, Inc.LOS ANGELES --(Business Wire)-- The Alexander Firm P.C., A Professional Law Corporation, reminds investors who purchased or acquired shares of K12, Inc. ("K12" or the "Company") (NYSE:LRN) between March 11, 2013 and October 9, 2013 (the "Class Period") that the deadline of April 1, 2014, is quickly approaching to move for Lead Plaintiff in the securities class actions filed on behalf of investors against the Company and certain of its officers. K12 is a technology-based education company which offers proprietary curriculum, software systems, and educational services to facilitate individualized learning for students primarily in kindergarten through 12th grade. The actions allege that Defendants misrepresented and/or failed to disclose that: (a) between March 2013 and June 2013, K12 experienced a material decline in student applications for fiscal 2014; (b) K12's enrollment centers did ot have adequate school-by-school planning tools or a staffing model in place sufficient to handle the timing and the volume of student applications; (c) K12's own promotional program started later than it should have, and drove more leads and applications later in the summer - when it was too late for the Company to convert the applications into student enrollments for fiscal 2014; (d) K12 failed to appropriately consider increased compliance requirements that were applicable in certain states during the fiscal 2014 enrollment season; and (e) the Company failed to implement a sufficient early-warning system to detect operational failures in the enrollment process. If you purchased or acquired K12 common stock between March 11, 2013 and October 9, 2013, you have until April 1, 2014, to move the Court to be appointed Lead Plaintiff. If you believe you have suffered losses in excess of $250,000, would like to learn more about these claims, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Vahn Alexander, Esq., The Alexander Firm P.C., A Professional Law Corporation, 1875 Century Park East, Suite 700, Los Angeles, California 90067, by telephone at 310-407-5335, or by email to [email protected], or visit our website at www.alexanderfirmpc.com. With 20 years of class action and complex litigation experience, The Alexander Firm is committed to protecting the rights of investors throughout the Country. This press release may be considered Attorney Advertising in some jurisdictions.
|
