K12, Inc. (LRN) Falls as Maine Seeks to Block Virtual Charter Schools

K12, Inc. (NYSE: LRN) shares declined on Wednesday. The move appears to be related to news reports that Maine's Senate yesterday approved a bill that temporarily freezes approval of public financing for virtual charter school. This follows news that New Jersey's education commissioner ended plans to allow 2 virtual charter schools to open in the fall, citing concern about monitoring.

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