|[February 04, 2014]
SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces Class Action Involving K12, INC. and Its Board of Directors and a Deadline of April 1, 2014 to Seek a Lead Plaintiff Position -- LRN
NEW YORK --(Business Wire)--
Levi & Korsinsky announces that a class action lawsuit has been
commenced in the USDC for the Eastern District of Virginia on behalf of
investors who purchased K12, Inc. ("K12" or the "Company") (NYSE:LRN)
common stock between March 11, 2013 and October 9, 2013.
Click here to learn more about the action http://zlk.9nl.com/k12,
or call: 877-363-5972. There is no cost or obligation to you.
The complaint alleges that Defendants issued materially false and
misleading statements and/or failed to disclose material information
regarding the Company's student enrollment and revenue gowth prospects
for fiscal year 2014.
On October 8, 2013, the Company disclosed information contrary to its
prior positive statements regarding the fiscal outlook for 2014. In
particular, K12 disclosed that the Company's growth prospects were, in
fact, limited and impeded by: a) the Company's failure to timely invest
in promotional efforts to enroll new students; and b) failure to
consider and adhere to legal compliance requirements affecting student
If you suffered a loss in K12 you have until April 1, 2014 to request
that the Court appoint you as lead plaintiff. Your ability to share in
any recovery doesn't require that you serve as a lead plaintiff. To
obtain additional information, contact Joseph E. Levi, Esq. either via
email at email@example.com or by
telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/k12.
Levi & Korsinsky is a national firm with offices in New York, New
Jersey, Connecticut and Washington D.C. The firm's 26 attorneys have
extensive expertise in prosecuting securities litigation involving
financial fraud, representing investors throughout the nation in
securities and shareholder lawsuits. For more information, please feel
free to contact any of the attorneys listed below. Attorney advertising.
Prior results do not guarantee similar outcomes.
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