November 5, 2014 - The court granted the defendants' motion to dismiss.

June 20, 2014 - A motion to dismiss the amended complaint was filed.

May 23, 2014 - An amended complaint was filed.

January 30, 2014 - An investor in shares of K12 Inc (NYSE: LRN) filed a lawsuit in the U.S. District Court for the District of Eastern District of Virginia against K12 Inc over alleged violations of Federal Securities Laws in connection with certain allegedly false and misleading statements made between March 11, 2013 through October 9, 2013.

According to the complaint the plaintiff alleges on behalf of all persons or entities who purchased or otherwise acquired securities of K12 Inc (NYSE: LRN) between March 11, 2013 through October 9, 2013, that K12 Inc and certain of its officers and directors violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder.

More specifically, the plaintiff claims that defendants issued between March 11, 2013 through October 9, 2013 allegedly materially misleading statements and omissions about K12 regarding its student enrollment and revenue growth prospects for fiscal 2014, including compliance with state regulations governing enrollment. In December 2012 a media report entitled “Profits and Questions at Online Charter Schools” raised serious concerns about K12 Inc’s business practices, alleging that its schools inflate their student rosters, are underperforming academically, have detrimental student-to-teacher ratios and gain wrongful access to public funds. Shortly after that a lawsuit was filed against K12 Inc over alleged securities laws violations. The lawsuit was filed on behalf of investors who purchased K12 Inc common stock during the period between September 9, 2009 and December 16, 2011. In 2013 the lawsuit settled for $6.75 million.

On August 29, 2013, K12 Inc reported its full fiscal year 213 financial results. K12 Inc’s Total Revenue rose from $708.41 per share for the 12 months period that ended on June 30, 2012 to $848.22 million for the 12 months period that ended on June 30, 2013 and its respective Net Income increased from $17.54 million to $28.11 million. Shares of K12 Inc (NYSE: LRN) grew from $16.27 per share in late 2012 to as high as $36.78 per share in September 2013.

Then on October 8, 2013, K12 Inc announced it plans to host a conference call to discuss full fiscal year 2014 guidance on Thursday, October 10, 2013. K12 Inc said that it is reporting Q1 FY 2014 average student enrollments Q1 average student enrollments are equal to the official count date number, which is the first Wednesday of October in a year. in managed public schools of 128,550, an increase of 5.7% over Q1 FY 2013, which is below management’s expectations. K12 Inc also said that it expects full fiscal year revenues in the range of $905 million to $925 million and full year operating income in the range of $53 million to $57 million.