IMPORTANT INVESTOR ALERT: Khang & Khang LLP Announces the Filing of a Securities Class Action Lawsuit against K12, Inc. & Rem...
July 26 2016 - 11:43AM
Business Wire
Khang & Khang LLP (the “Firm”) announces that a class action
lawsuit was filed against K12, Inc. (“K12” or the “Company”) (NYSE:
LRN). Investors who purchased or otherwise acquired shares between
November 7, 2013 and October 27, 2015 (the “Class Period”), are
encouraged to contact the Firm prior to the September 19, 2016
lead plaintiff motion deadline.
If you purchased shares of K12 during the Class Period, please
contact Joon M. Khang, Esquire, of Khang & Khang, 18101 Von
Karman Avenue, 3rd Floor, Irvine, CA 92612, by telephone: (949)
419-3834, or by e-mail at joon@khanglaw.com.
There has been no class certification in this case. Until
certification occurs, you are not represented by an attorney. You
may choose to take no action and remain a passive class member.
According to the complaint, K12 issued false and misleading
statements and/or failed to disclose: that the Company published
misleading advertisements about students’ academic progress, parent
satisfaction, graduates’ eligibility for admission into the
University of California and California State University, class
sizes, the individualized and flexible nature of K12’s instruction,
hidden costs, and the quality of the materials provided to
students; that the Company submitted inflated student attendance
numbers to the California Department of Education in order to
receive additional funding; that K12 was open to potential civil
and criminal liability due to these practices; that K12 would
likely be forced to end these practices, which would have a
negative impact on its operations and prospects; and as a result of
the above, the Company’s public statements were materially false
and misleading at all relevant times. When this news was released,
shares of K12 fell in value.
If you wish to learn more about this lawsuit, or if
you have any questions concerning this notice or your rights,
please contact Joon M. Khang, a prominent litigator for almost two
decades, by telephone: (949) 419-3834, or by e-mail at
joon@khanglaw.com.
This press release may constitute Attorney Advertising in some
jurisdictions.
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version on businesswire.com: http://www.businesswire.com/news/home/20160726006148/en/
Khang & Khang LLPJoon M. Khang, Esq.Telephone:
949-419-3834Facsimile: 949-225-4474joon@khanglaw.com
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