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Holzer Holzer & Fistel, LLC Announces Investigation Into Potential Claims For Breaches Of Fiduciary Duty By Certain Officers And Directors Of K12 Inc
Holzer Holzer & Fistel, LLC announces that it is investigating potential breaches of fiduciary duty by certain officers and directors of K12 Inc. (“K12” or the “Company”) (NYSE: LRN). On January 31, 2012, a class action lawsuit was filed in the United States District Court for the Eastern District of Virginia alleging that K12 violated the federal securities laws between September 9, 2009 and December 16, 2011 (the “Class Period”). The lawsuit alleges, among other things, that during the Class Period K12 was enrolling students regardless of their ability to complete the curriculum and, according to the complaint, allowed students to remain enrolled in classes despite poor performance in order to receive government funding.
Holzer Holzer & Fistel, LLC’s investigation seeks to determine if the allegations contained in the class action complaint also give rise to the separate claims against the Board of Directors for breaches of fiduciary duty, which could be enforced on behalf of the Company through shareholder derivative litigation. If you have continuously held shares since at least September 9, 2009, and plan to continue to hold at least some shares of K12, and would like to discuss your legal rights, you may contact Michael I. Fistel, Jr., Esq. or Marshall P. Dees, Esq. via email at mfistel@holzerlaw.com, or mdees@holzerlaw.com, or via toll-free telephone at (888) 508-6832. Holzer Holzer & Fistel, LLC is an Atlanta, Georgia law firm that dedicates its practice to vigorous representation of shareholders and investors in litigation nationwide, including shareholder class action and derivative litigation. More information about the firm is available through its website, www.holzerlaw.com, and upon request from the firm. Holzer Holzer & Fistel, LLC has paid for the dissemination of this promotional communication, and Michael I. Fistel, Jr. is the attorney responsible for its content.TheStreet Premium Services
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