K12 Inc. under Investor Investigation over possible Securities Laws Violations

Jan. 17, 2012 - PRLog -- An investigation on behalf of investors in shares of K12 Inc. (NYSEARCA: LRN) over possible Violations of Federal Securities Laws was announced.

If you purchased shares of K12 Inc. , and / or if you have any information relating the investigation including those who are former employees or/and whistleblowers, you may 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. (Public, NYSEARCA:LRN) concerning whether the company, certain of its officers and directors, or others have possibly violated federal securities laws. Specifically, the investigation concerns whether certain statements regarding K12 Inc’s business, its prospects and its operations were potentially materially false and misleading at the time they were made.

K12 Inc. reported that its 12months Revenue rose from $226.24million for a 12months period ending on June 30, 2008 to $522.43million ending for a 12months period on June 30, 2011. However, its Net Income fell over the same time periods from $33.77million to $12.79million.

Shares of K12 Inc. (Public, NYSEARCA:LRN) rose from as low as $13.67 in March 09 to as high as $39.37 per share in April 2011.

Then on December 12 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. On December 13, 2011 K12 Inc responded in a statement to the article and said the article ‘is unfair and one-sided, and advances an anti-parent choice policy agenda’.

However, K12 Inc’s shares fell from $28.79 per share on December 12, 2011 to $20.57 per share on December 14, 2011. In fact, since April 2011 NYSE- LRN stocks fell from almost $40 to recently $18.90 per share.

Those who purchased shares of K12 Inc. (NYSEARCA: LRN), and / or those who have any information relating the investigation including those who are former employees or/and whistleblowers, may have certain options and you should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

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The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, 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. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.