NEW: Investigation is underway after California high school seniors posed for a photo spelling out "F*GGOTS"
High school seniors were posing for a class photo spelling "Class of 2026 Always Legit."
Students rearranged themselves to spell a slur, which the principal called "unacceptable."
School officials say every student in the photo has been punished
An investigation is underway at Redwood High School and the Visalia Unified School District