Pomerantz Law Firm Investigates Scholastic Corporation for Potential Securities Fraud
The law firm of Pomerantz LLP is investigating potential securities fraud or other unlawful business practices by Scholastic Corporation (NASDAQ: SCHL) and certain officers or directors. The investigation follows the company's first-quarter 2027 financial report, which revealed an adjusted loss per share worse than expected and a significant drop in revenue compared to last year. Scholastic reported total revenues of $216.8 million for Q1 FY2027, down 4% from the previous year, with its Education segment experiencing a 24% decline due to tighter school budgets. The disappointing results caused Scholastic's stock price to fall by 7.41%, or $2.58 per share. Pomerantz LLP is one of the leading firms in corporate and securities litigation and has recovered multimillion-dollar damages for class members in past cases.
Tickers: $SCHL
Topics: corporate_governance financial_disclosure investor_protection