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No Securities Fraud Claims Against Online Company (access required)

An Alexandria U.S. District Court dismisses this securities fraud class action filed by a firefighters’ pension fund against defendant K12 Inc., a provider of online classroom services, whose stock price declined by nearly 40 percent on Oct. 9, 2013, following K12’s announcement of the results of its fall 2013 enrollment season. Plaintiff alleges K12 and certain ...

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