An investigation on behalf of current long term investors in K12 Inc. (NYSE:LRN) shares over possible breaches of fiduciary duty by certain officers and directors was announced.
San Diego, CA -- (SBWIRE) -- 03/19/2021 -- An investigation was announced on behalf of current long-term investors in shares of K12 Inc. (NYSE: LRN) concerning potential breaches of fiduciary duties by certain directors of K12 Inc.
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 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.
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.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, 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, investigation, and/or settlements are not filed/reached and/or 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.