Glancy Binkow & Goldberg LLP Announces Lead Plaintiff Deadline In The Class Action Lawsuit Against K12 Inc.

LOS ANGELES--(BUSINESS WIRE)--Glancy Binkow & Goldberg LLP announces that all purchasers of K12, Inc. (“K12” or the “Company”) (NYSE:LRN) common stock between September 9, 2009 and December 16, 2011, inclusive (the “Class Period”) have until April 2, 2012 to file a motion with the Court to be appointed as Lead Plaintiff. The securities fraud class action lawsuit was filed in the United States District Court for the Eastern District of Virginia.

K12 offers proprietary curriculum, software systems and educational services designed to facilitate individualized learning for students primarily in kindergarten through 12th grade. The Complaint alleges that defendants misrepresented or failed to disclose material adverse facts about the Company’s business, operations and prospects, including that: (i) the Company had engaged in improper and deceptive recruiting and sales strategies, aimed at enrolling students regardless of their ability to successfully complete the curriculum; (ii) the Company failed to disclose administrative pressure to pass students despite poor or nonexistent academic performance, so as to maintain high enrollment levels and continued government payments; (iii) the Company failed to maintain its students’ math and reading performance at statewide grade levels; and (iv), as a result, defendants’ statements regarding the Company’s empirical academic performance, and financial performance and prospects were false and misleading and lacked a reasonable basis.

Any person or group who suffered a loss as a result of purchasing K12 common stock between September 9, 2009 and December 16, 2011, may ask the Court to be appointed as Lead Plaintiff, but must file a motion no later than April 2, 2012. To be a member of the class you need not take action at this time; you may retain counsel of your choice or take no action and remain an absent class member. If you wish to discuss this action or have any questions concerning this Notice or your rights or interests with respect to these matters, please contact Michael Goldberg, Esquire, of Glancy Binkow & Goldberg LLP, 1925 Century Park East, Suite 2100, Los Angeles, California 90067, by telephone at [phone], Toll Free at [phone], by e-mail to [e-mail], or visit our website at http://www.glancylaw.com.

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