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Re: lasernat post# 15262

Wednesday, 04/30/2014 12:21:19 PM

Wednesday, April 30, 2014 12:21:19 PM

Post# of 54147
CWIR TWEETS might not be such a good idea: Lawsuits result & this could also go to emails that many have received. Personally I like them but read this and do your own DD.....and everyone saves those emails and TWEETS. I know that I do.....

Investor Lawsuit Targets K12 Inc. and Stock Sales of Former CEO

Suit claims investors were misled by K12
By Sean Cavanagh

A recently filed federal lawsuit accuses the publicly traded company K12 Inc. of misleading investors by putting forward overly positive public statements during much of last year, only later to reveal that it had missed key operational and financial targets.
It also alleges that former CEO Ronald J. Packard "reaped the rewards" of the bullish projections by selling millions of dollars worth of stock in the months before an October announcement of disappointing news sent its price plummeting.

http://www.edweek.org/ew/articles/2014/04/23/29lawsuit.h33.html?utm_source=Social+Media+In+Education&utm_medium=twitter&utm_campaign=Feed%3A+EducationWeekELearning+(Education+Week%3A+E-Learning)

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