Core Viewpoint - Rosen Law Firm is reminding investors who purchased 2U, Inc. securities between February 9, 2022, and February 12, 2024, of the upcoming lead plaintiff deadline on August 12, 2024, for a class action lawsuit [1]. Group 1: Class Action Details - Investors who bought 2U securities during the specified class period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [1]. - A class action lawsuit has already been filed, and interested parties must move the Court to serve as lead plaintiff by August 12, 2024 [2]. - The Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a successful track record in securities class actions [3]. Group 2: Allegations Against 2U, Inc. - The lawsuit alleges that 2U made false or misleading statements and failed to disclose critical information, including its inability to maintain relationships with key universities [4]. - It is claimed that certain degree programs and partnerships were either canceled or did not materialize, leading to a decrease in full course equivalent enrollments [4]. - The lawsuit asserts that 2U overstated the stability of its contractual agreements and revenue sources, resulting in materially misleading statements about its business prospects [4].

Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against 2U, Inc. due to significant losses experienced by investors, particularly following the company's recent financial disclosures and operational challenges [2][4][7]. Group 1: Legal Investigation and Class Action - A federal securities class action has been filed against 2U, with a deadline of August 12, 2024, for investors to seek the role of lead plaintiff [2]. - Investors who suffered losses exceeding $100,000 between February 9, 2022, and February 12, 2024, are encouraged to contact the law firm for discussions regarding their legal rights [1][2]. Group 2: Financial Performance and Operational Issues - 2U announced a significant partnership wind-down with USC, resulting in a $40 million payment and an $80 million recognition in the fourth quarter related to portfolio management activities [5]. - The company reported a 21% decrease in full course equivalent enrollments, attributed to a transition to a new marketing framework [5]. - Fiscal results showed Degree Program revenue flat year over year, total revenue decreased by 1%, and Alternative Credential Segment revenue decreased by 3% [6]. - On February 12, 2024, 2U disclosed substantial doubt about its ability to continue as a going concern, with full-year revenue of $946 million significantly missing guidance of $965 million to $990 million [7]. - The company projected a further decline in revenue for 2024, estimating between $805 million and $815 million [7]. Group 3: Market Reaction - Following the announcement of the partnership wind-down and financial results, 2U's share price fell by $1.35, or 56.72%, closing at $1.03 on November 10, 2023 [6]. - After the February 12, 2024 disclosures, the share price dropped by $0.55, or 59.33%, closing at $0.37 on February 13, 2024 [8].

Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of 2U, Inc. regarding a class action lawsuit due to alleged misleading statements and failures to disclose critical information during the class period from February 9, 2022, to February 12, 2024 [1][2]. Summary by Relevant Sections Allegations - The complaint alleges that 2U, Inc. was unable to maintain relationships with key universities and organizations, leading to the cancellation or failure of certain degree programs and partnerships [2]. - It is claimed that the transition to a platform company resulted in a decrease in full course equivalent enrollments [2]. - The company allegedly overstated the stability and longevity of its contractual agreements and revenue sources, making positive statements about its business operations misleading [2]. Class Action Details - Shareholders who purchased shares of 2U, Inc. during the specified class period are encouraged to register for the class action, with a deadline set for August 12, 2024 [3]. - Once registered, shareholders will receive updates through a portfolio monitoring software regarding the status of the case [3]. Law Firm Information - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting investors' rights against deceit and fraud [4]. - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements or omissions [4].

NEW YORK, Aug. 6, 2024 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in 2U, Inc. ("2U" or the "Company") (NASDAQ: TWOU) of a class action securities lawsuit. CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of 2U investors who were adversely affected by alleged securities fraud between February 9, 2022 and February 12, 2024. Follow the link below to get more information and be contacted by a member of our team: https://zlk.com/pslra-1/2u-inc-lawsuit-submission-form?prid=93839&wire= ...

Core Viewpoint - Rosen Law Firm is reminding investors who purchased securities of 2U, Inc. between February 9, 2022, and February 12, 2024, about the upcoming lead plaintiff deadline of August 12, 2024, for a class action lawsuit [1][2]. Group 1: Class Action Details - Investors who bought 2U securities during the specified class period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [1]. - A class action lawsuit has already been filed, and interested parties must move the Court to serve as lead plaintiff by August 12, 2024 [2]. - The Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a successful track record in securities class actions [3]. Group 2: Allegations Against 2U, Inc. - The lawsuit alleges that 2U made false or misleading statements and failed to disclose critical information, including its inability to maintain relationships with key universities [4]. - It is claimed that this led to the cancellation of certain degree programs and partnerships, and that 2U's transition to a platform company would decrease full course equivalent enrollments [4]. - The lawsuit asserts that 2U overstated the stability of its contractual agreements and revenue sources, resulting in materially misleading statements about its business and prospects [4].

Core Viewpoint - A class action has been filed against 2U, Inc. (NASDAQ: TWOU) by shareholders who purchased securities between February 9, 2022, and February 12, 2024, alleging that the company misled investors about its business prospects and financial stability [1][2]. Financial Performance - On February 12, 2024, 2U disclosed substantial doubt about its ability to continue as a going concern due to its debt situation [2]. - The company recognized $88 million in revenue from portfolio management activities in the previous year and projected an additional $10 million in the first quarter of 2024, with at least $15 million expected for the full year 2024 [2]. - 2U's full-year revenue was reported at $946 million, significantly below the guidance of $965 to $990 million, with a year-over-year decline of 2% in both Degree Program and Alternative Credential Segment revenues [2]. - The company issued a revenue guidance for 2024, estimating a further decline to between $805 million and $815 million [2]. Allegations - The plaintiff alleges that during the class period, 2U failed to disclose critical issues, including the inability to maintain relationships with key universities, leading to canceled degree programs and partnerships [3]. - The transition to a platform company was said to have resulted in a decrease in full course equivalent enrollments, and the company allegedly overstated the stability of its contractual agreements and revenue sources [3]. Legal Proceedings - Shareholders interested in serving as lead plaintiffs must file motions with the court by August 12, 2024 [4]. - Participation in the case is not required to be eligible for recovery, allowing shareholders to remain absent class members if they choose [4].

Core Viewpoint - 2U (NASDAQ:TWOU) stock has experienced significant volatility following its bankruptcy filing, with a notable rally of 15.5% as of Tuesday morning, and a previous surge of over 100% during normal trading hours [1][4][5]. Stock Performance - The stock's daily trading volume reached over 31 million shares, significantly higher than its average of approximately 2.5 million shares [1]. - Following the bankruptcy announcement, TWOU stock initially dropped by around 60% before the recent rallies [5]. Bankruptcy and Restructuring - 2U is utilizing the bankruptcy filing to restructure its debt through agreements with lenders, allowing the company to continue operations during this process [6]. - The company anticipates exiting bankruptcy by the end of September [6]. Market Impact - The bankruptcy filing has introduced considerable volatility to the stock, raising concerns about its potential impact on the company's listing on the Nasdaq Exchange [2][4].

Core Viewpoint - Rosen Law Firm is reminding investors who purchased 2U, Inc. securities between February 9, 2022, and February 12, 2024, of the upcoming lead plaintiff deadline on August 12, 2024, for a class action lawsuit [1][5]. Group 1: Class Action Details - A class action lawsuit has been filed against 2U, Inc. due to allegations of false and misleading statements regarding the company's relationships with universities, the sustainability of its degree programs, and the impact of its transition to a platform company on enrollments [3]. - The lawsuit claims that 2U overstated the stability of its contractual agreements and revenue sources, leading to materially misleading statements about its business and prospects [3]. - Investors who purchased 2U securities during the class period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [5]. Group 2: Legal Process and Participation - Investors wishing to join the class action must act before the lead plaintiff deadline of August 12, 2024, and can do so by contacting Rosen Law Firm [2][7]. - No class has been certified yet, meaning investors are not represented by counsel unless they retain one, and they can choose to remain absent from the class [4]. - The Rosen Law Firm emphasizes the importance of selecting qualified counsel with a successful track record in securities class actions [6].

2U (NASDAQ:TWOU) stock closed up a staggering 112% to start the week, just days after announcing it had filed for Chapter 11 bankruptcy protections. Last week, 2U announced a deal with lenders to cut its debt by 50%, while extending the duration of its loan. It will also receive an additional $110 million in capital from lenders. It's unclear what's lifting the Maryland-based firm, which owed more than $1 billion at the end of its fiscal first quarter. The company expects to finish the bankruptcy process by ...

Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against 2U, Inc. due to significant losses suffered by investors, particularly following the company's recent financial disclosures and operational challenges [2][4][6]. Company Overview - 2U, Inc. is a publicly traded company on NASDAQ under the ticker TWOU, which has faced substantial operational difficulties, including the inability to maintain key partnerships and a decline in enrollment [3][4]. Financial Performance - The company reported a total revenue of $946 million for the full year, which was significantly below its guidance of $965 million to $990 million, indicating a year-over-year decline in key revenue segments [6]. - Degree Program revenue remained flat year-over-year, while Alternative Credential Segment revenue decreased by 3% [4][6]. Recent Developments - On November 9, 2023, 2U announced the winding down of its collaboration with USC, resulting in a $40 million payment from USC and an $80 million recognition in the fourth quarter related to portfolio management activities [4]. - Following these announcements, 2U's share price fell by 56.72% to close at $1.03 on November 10, 2023, on unusually heavy trading volume [5]. Legal Actions - A federal securities class action has been filed against 2U, with a deadline of August 12, 2024, for investors to seek the role of lead plaintiff [2][7]. - The complaint alleges that the company made materially false and misleading statements regarding its business operations and failed to disclose adverse facts that affected its performance [3][4]. Future Outlook - The company has provided guidance indicating that revenue is expected to decline further in 2024, estimating a range of $805 million to $815 million [6].