NEW YORK, Feb. 17, 2012 /PRNewswire/ -- Faruqi & Faruqi, LLP, a leading national securities law firm, filed the first, and only, class action lawsuit against K12, Inc. ("K12" or the "Company") (NYSE: LRN) for securities fraud on January 30, 2012 in the United States District Court for the Eastern District of Virginia.  Faruqi & Faruqi reminds current and former shareholders of K12 that they have until April 2, 2012 to move for appointment as lead plaintiff in the case.  The Complaint asserts claims under the Securities Exchange Act of 1934 ("Exchange Act") on behalf of investors in K12 common stock during the period between September 9, 2009 and December 16, 2011, inclusive (the "Class Period"). 

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The class action lawsuit filed by the firm focuses on whether the Company and its executives violated federal securities laws by failing to disclose that:  (1) according to various academic benchmarks, K12 students were chronically underperforming their peers at traditional schools; (2) K12 has aggressively recruited students to their schools, regardless of how well-suited they might be to the Company's curriculum; (3) as a result of K12's haphazard recruiting process, the Company experiences student retention problems and K12 students are characterized by high rates of withdrawal (or "churn rates"); (4) K12 schools often have far larger student-to-teacher ratios than the Company advertises; and (5) K12 teachers have been pressured to allow students to pass regardless of poor academic performance, in order for the Company to receive federal funds.

Take Action

If you purchased K12 securities between September 9, 2009 and December 16, 2011 and wish to join this litigation as a plaintiff, please contact our office as soon as possible. We encourage investors who would like to discuss their legal rights to visit www.faruqilaw.com/LRNX, or contact us by calling Richard Gonnello or Francis McConville toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to rgonnello@faruqilaw.com or fmcconville@faruqilaw.com.  Faruqi & Faruqi, LLP also encourages anyone with information regarding K12's conduct to contact the firm, including whistleblowers, former employees, shareholders and others.  Our firm seeks to recover damages on behalf of the Class. 

Request more information now by clicking here: www.faruqilaw.com/LRNX

Attorney Advertising.  The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com).  Prior results do not guarantee or predict a similar outcome with respect to any future matter.  We welcome the opportunity to discuss your particular case.  All communications will be treated in a confidential matter.

FARUQI & FARUQI, LLP
369 Lexington Avenue, 10th Floor
New York, NY 10017
Attn:  Richard Gonnello, Esq.
rgonnello@faruqilaw.com
Francis McConville, Esq.
fmcconville@faruqilaw.com
Telephone: (877) 247-4292 or (212) 983-9330

SOURCE Faruqi & Faruqi, LLP

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