Investigation for Long-Term Investors in K12 Inc. (NYSE: LRN) over potential Wrongdoing

An investigation on behalf of current long-term investors in shares of K12 Inc. (NYSE: LRN) concerning potential breaches of fiduciary duties by certain directors and officers of K12 Inc. was announced.

Investors who are current long term investors in K12 Inc. (NYSE: LRN) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm for current long term investors in NYSE: LRN stocks follows a lawsuit filed against K12 Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NYSE: LRN stocks, concerns whether certain K12 Inc. directors are liable in connection with the allegations made in that lawsuit.

According to that complaint filed in the U.S. District Court for the Eastern District of Virginia the plaintiff alleges that K12 made false and misleading statements to the public and failed to disclose that K12 lacked the technological capabilities, infrastructure, and expertise to support the increased demand for virtual and blended education necessitated by the global pandemic, that K12 lacked adequate cyberattack protocols and protections to prevent the disabling of its computer systems, that K12 was unable to provide the necessary levels of administrative support and training to teachers, students, and parents, and that K12’s officers lacked a reasonable basis for their positive statements about the Company’s business, operations, and prospects.

Those who purchased shares of K12 Inc. (NYSE: LRN) have certain options and should contact the Shareholders Foundation.

Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

This release was published on openPR.