An investigation for investors in K12 Inc. (NYSE:LRN) shares over potential securities laws violations by K12 Inc was announced and NYSE:LRN stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com

San Diego, CA -- (SBWire) -- 01/15/2014 --An investigation on behalf of investors who purchased shares of K12 Inc. (NYSE:LRN) between September 12, 2012 and October 8, 2013 over potential securities laws violations by K12 Inc. and certain of its directors and officers in connection certain financial statements was announced .

If you purchased shares of K12 Inc. (NYSE:LRN) between September 12, 2012 and October 8, 2013, you have certain options and you should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of K12 Inc. (NYSE:LRN) concerning whether a series of statements by K12 Inc. (NYSE:LRN. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

In December 2012 a media report entitled “Profits and Questions at Online Charter Schools” raised serious concerns about K12’s business practices, alleging that its schools inflate their student rosters, are underperforming academically, have detrimental student-to-teacher ratios and gain wrongful access to public funds. Shortly after that a lawsuit was filed against K12 Inc. over alleged securities laws violations. The lawsuit was filed on behalf of investors who purchased K12, Inc. common stock during the period between September 9, 2009 and December 16, 2011. In 2013 the lawsuit settled for $6.75 million.

On Auhust 29, 2013, K12 Inc. reported its full fiscal year 213 financial results. K12 Inc’s Total Revenue rose from $708.41 per share for the 12 months period that ended on June 30, 2012 to $848.22 million for the 12 months period that ended on June 30, 2013 and its respective Net Income increased from $17.54 million to $28.11 million.

Shares of K12 Inc. (NYSE:LRN) grew from $16.27 per share in late 2012 to as high as $36.78 per share in September 2013.

Then on October 8, 2013, K12 Inc. announced it plans to host a conference call to discuss full fiscal year 2014 guidance on Thursday, October 10, 2013. K12 Inc. said that it is reporting Q1 FY 2014 average student enrollments1Q1 average student enrollments are equal to the official count date number, which is the first Wednesday of October in a year. in managed public schools of 128,550, an increase of 5.7% over Q1 FY 2013, which is below management’s expectations. K12 Inc. also said that it expects full fiscal year revenues in the range of $905 million to $925 million and full year operating income in the range of $53 million to $57 million.

Shares of K12 Inc. (NYSE:LRN) declined to $17.60 per share on October 9, 2013.

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

Contact:
Shareholders Foundation, Inc.
Trevor Allen
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com