A national company that operates two virtual schools in Idaho faces a class-action lawsuit from Investors.
The suit was filed in federal court in Virginia.
Investors claim the company, called K12, gave false and misleading statements about student performance on standardized tests.
They claim, as a result, K12′s stock traded at artificially inflated prices.
K12 operates and provides curriculum to the Idaho Virtual Academy online school and the iSucceed Virtual High School in Idaho.
“K12 disputes the claims made by this private law firm and will vigorously defend itself,” K12 Senior Vice President of Public Affairs Jeff Kwitowski told KTVB.com. “As with any public school, test scores are publicly available.”
State Department of Education spokeswoman Melissa McGrath said the department had no comment on the specific lawsuit because it is not related to any school in Idaho.
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