[caption id="attachment_96323" align="alignleft" width="150" caption="K12 disputes the allegations against it and 'intends to vigorously defend itself,' the company said."][/caption]

After a recent New York Times article implied that online learning giant K12 Inc. focuses more on its bottom line than student performance, the company now faces a class-action lawsuit alleging that it violated securities laws by issuing false and misleading statements regarding its business prospects.

On Dec. 12, 2011, the Times published an article describing numerous alleged improper practices at K12’s main virtual charter schools. After the article appeared, the price of K12 stock...

Subscribe to Read More

Are You an Educator?

Get Free online access to all our news and resources