Cision PR Newswire
TWOU Investors Have Opportunity to Lead 2U, Inc. Securities Fraud Lawsuit
NEW YORK, June 29, 2024 /PRNewswire/ -- Rosen Law Firm, a global investor rights law firm, reminds investors a shareholder filed a class action lawsuit on behalf of all purchasers of securities of 2U, Inc. (NASDAQ: TWOU) between February 9, 2022 and February 12, 2024. Shareholders who want to serve as lead plaintiff for the class must file their motions with the court by August 12, 2024.
To join the 2U class action, go to https://rosenlegal.com/submit-form/?case_id=26180 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email case@rosenlegal.com.
The Rosen Law Firm is investigating the Allegations that 2U, Inc. (NASDAQ: TWOU) Misled Investors Regarding its Business Operations.
According to the lawsuit, defendants made false and/or misleading statements and/or failed to disclose that: (1) 2U was unable to sustain relationships with key universities and organizations; (2) as a result, certain degree programs and partnerships failed to materialize or were cancelled; (3) 2U's transition to a platform company would lead to a decrease in full course equivalent enrollments; (4) accordingly, 2U had overstated the stability and/or longevity of its contractual agreements and/or revenue sources; and (5) as a result of the foregoing, defendants' positive statements about 2U's business, operations, and prospects were materially misleading and/or lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages.
What Now: You may be eligible to participate in the class action against 2U, Inc. The deadline to file a motion to be appointed as lead plaintiff is August 12, 2024. A lead plaintiff is a representative party who acts on behalf of other class members in directing the litigation. You do not have to participate in the case to be eligible for a recovery. If you choose to take no action, you can remain an absent class member. For more information, go to https://rosenlegal.com/case/2u-inc/
All representation is on a contingency fee basis. Shareholders pay no fees or expenses.
Attorney Advertising. Prior results do not guarantee a similar outcome.
Contact Information:
Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
case@rosenlegal.com
www.rosenlegal.com
View original content to download multimedia:https://www.prnewswire.com/news-releases/twou-investors-have-opportunity-to-lead-2u-inc-securities-fraud-lawsuit-302186094.html
SOURCE THE ROSEN LAW FIRM, P. A.
NOTE: This content is not written by or endorsed by "WGNO", its advertisers, or Nexstar Media Inc.