Faruqi & Faruqi, LLP Announces Investigation of K12, Inc.

NEW YORK--(BUSINESS WIRE)-- Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential securities fraud at K12, Inc. (“K12” or the “Company”) (NYSE: LRN - News).

The investigation 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 for the Company’s curriculum; (3) as a result of K12’s haphazard recruiting process, the Company experiences student retention problems resulting in high rates of withdrawal; (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 academic performance, in order to receive federal funds.

On December 12, 2011, after several months of research, the New York Times published an article entitled “Profits and Questions at Online Charter Schools.” The article raised serious concerns about K12’s business practices, alleging that Company schools inflate their student rosters, are underperforming academically, have detrimental student-to-teacher ratios and gain wrongful access to public funds. On this devastating news, K12 shares collapsed almost 24%, closing at $22 per share on December 13.

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

Take Action

If you purchased K12 securities and would like to discuss your legal rights, visit www.faruqilaw.com/LRN. You can also 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.

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.