BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces an investigation on behalf of investors of K12 Inc. (“K12” or the “Company”) (NYSE: LRN) concerning the Company and its officers’ possible violations of federal securities laws.
On October 27, 2015, Stanford's Center for Research on Education Outcomes ("CREDO") published a study concerning online charter schools that specifically mentioned K12. Based on their findings, CREDO stated that “online charter schools had significantly weaker academic performance in math and reading, compared with their counterparts in conventional schools." Additionally, that same day, K12 revealed that it had received a civil investigative subpoena from the Attorney General of California on September 24, 2015.
Over the next three days, K12's stock price fell $0.54 per share, over 5%, to close at just $9.71 on October 30, 2015.
If you purchased K12 securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at http://www.howardsmithlaw.com.
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