K12 Inc., the Virginia-based public virtual school operator, has been sued in federal court in a shareholder class-action suit charging that the company violated securities laws by making false statements to investors about its students' performance on standardized tests, the Washington Post reports. The newspaper also reports that the firm's stock has plummeted since a series of reports in the Washington Post, New York Times and elsewhere in recent months raising questions about the effectiveness of its online virtual schools; you can read the Post's full report here. K12 operates the Idaho Virtual Academy and the iSucceed Virtual High School in Idaho; K12 Inc. is the nation's largest provider of proprietary curriculum and online education programs for students in kindergarten through high school.
Betsy Z. Russell covers Idaho news from The Spokesman-Review's bureau in Boise.
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