Wednesday, April 4, 2012

Democurmudgeon: K12 Inc. Virtual Charter Schools sued for "deceptive recruiting" and passing students with poor or nonexistent performance."

Democurmudgeon: K12 Inc. Virtual Charter Schools sued for "deceptive recruiting" and passing students with poor or nonexistent performance.":



K12 Inc. Virtual Charter Schools sued for "deceptive recruiting" and passing students with poor or nonexistent performance."



Scott Walker wants to expand virtual and vouchers schools, both parallel educational systems that under perform and undermine public schools. This shocking lawsuit against the biggest virtual school, K12, exposes what I've been saying all along; for profit schools are after the money and will destroy public education. From eSchool News (subscription):
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. The Times published numerous improper practices at K12’s virtual charter schools. After the article appeared, the price of K12 stock plunged.

The lawsuit, aimed at the country’s largest operator of full-time public virtual schools, alleges that:
• K12 engaged in improper and deceptive recruiting and sales strategies, aimed at enrolling students regardless of their ability to successfully complete the curriculum;

• K12 failed to disclose administrative pressure from upper management


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