Lieff Cabraser Heimann & Bernstein, LLP

Lieff Cabraser Heimann & Bernstein, LLP Announces Class Action Lawsuit Against K12 Inc.

The law firm of Lieff Cabraser Heimann & Bernstein, LLP announces that a class action lawsuit has been brought on behalf of purchasers of the common stock of K12 Inc. ("K12" or the "Company") (NYSE: LRN) between September 9, 2009 and December 16, 2011, inclusive (the "Class Period").

If you purchased K12 common stock during the Class Period, you may move the Court for appointment as lead plaintiff by no later than April 2, 2012. A lead plaintiff is a representative party who acts on behalf of other class members in directing the litigation. Your share of any recovery in the action will not be affected by your decision of whether to seek appointment as lead plaintiff. You may retain Lieff Cabraser, or other attorneys, as your counsel in the action.

K12 shareholders who wish to learn more about the action and how to seek appointment as lead plaintiff should click here or contact Sharon Lee of Lieff Cabraser toll-free at (800) 541-7358.

Background on the K12 Securities Class Litigation

The action is brought against K12 and certain of its senior officers for violations of the Securities Exchange Act of 1934. K12, headquartered in Herndon, Virginia, is a for-profit education management company that offers online curriculum and educational services for students primarily in kindergarten through 12th grade.

The complaint alleges that during the Class Period, defendants misrepresented and omitted material information concerning K12's operations, financial performance, and business prospects. On December 12, 2011, The New York Times reported its findings from an investigation into K12 and its online schools. Based on a review of K12's operations, the Times found that "a portrait emerges of a company that tries to squeeze profits from public school dollars by raising enrollment, increasing teacher workload and lowering standards."

The Times also found that K12 used high-pressure recruitment strategies to increase student enrollment at K12 schools, that K12 teachers were pressured to pass students despite poor academic performance, and that a significant number of K12 students failed to meet federal and state standards of academic achievement. Following the publication of the Times article, the price of K12 common stock fell $6.79 per share, or approximately 23.5 percent, to close at $22.00 on December 13, 2011, on unusually high trading volume.

About Lieff Cabraser

Lieff Cabraser Heimann & Bernstein, LLP, with offices in San Francisco, New York and Nashville, is a nationally recognized law firm committed to advancing the rights of investors and promoting corporate responsibility.

Since 2003, the National Law Journal has selected Lieff Cabraser as one of the top plaintiffs' law firms in the nation. In compiling the list, the National Law Journal examined recent verdicts and settlements in addition to overall track records. Lieff Cabraser is one of only two plaintiffs' law firms in the United States to receive this honor for the last nine consecutive years.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Source/Contact for Media Inquiries Only:

Sharon M. Lee
Lieff Cabraser Heimann & Bernstein, LLP
Telephone: (800) 541-7358