Bush Foundation Financial Backer K12 Inc to be Investigated for Securities Fraud
From a Yahoo Business story last month:
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
