Berger Montague, with offices in Philadelphia, Minneapolis, Delaware, Washington, D.C., San Diego, San Francisco and Chicago, has been a pioneer in securities class action litigation since its founding in 1970. Berger Montague has represented individual and institutional investors for over five decades and serves as lead counsel in courts throughout the United States. Contact: Andrew Abramowitz, Senior Counsel Berger Montague (215) 875-3015 aabramowitz@bm.net 2U is an online education platform company based ...

Group 1 - The core allegation against 2U, Inc. is that the company made materially false and misleading statements regarding its business operations and partnerships with universities, leading to a misrepresentation of its stability and revenue sources [1] - The complaint highlights that the company's transition to a platform model resulted in a decrease in full course equivalent enrollments, which was not disclosed to investors [1] - As a consequence of these issues, the positive statements made by the defendants about the company's prospects were deemed materially misleading and lacked a reasonable basis [1] Group 2 - Shareholders who purchased shares of 2U, Inc. during the specified class period are encouraged to register for the class action lawsuit, with a deadline set for August 12, 2024 [2] - Participants in the class action will receive updates through a portfolio monitoring software, ensuring they are informed throughout the lifecycle of the case [2] - The Gross Law Firm, which is leading the class action, emphasizes its commitment to protecting investors' rights and ensuring responsible business practices [3]

For more information, submit a form, email attorney Aaron Dumas, Jr., or give us a call at (800) 350-6003. According to the complaint, on February 12, 2024, 2U disclosed that due to the Company's debt "there is substantial doubt about its ability to continue as a going concern." The Company further disclosed it recognized $88 million of revenue from portfolio management activities (i.e., fees negotiated for early partnership contract termination) in the year and it would assume another $10 million from such ...

Core Viewpoint - The article discusses a class action lawsuit against 2U, Inc. (NASDAQ: TWOU) alleging that the company made materially false and misleading statements regarding its business operations and partnerships, which led to investor losses during the specified class period [2][4]. Group 1: Allegations - The complaint claims that 2U, Inc. was unable to maintain relationships with key universities and organizations, resulting in the cancellation or failure of certain degree programs and partnerships [2]. - It is alleged that the company's transition to a platform model would result in a decrease in full course equivalent enrollments [2]. - The lawsuit asserts that 2U overstated the stability and longevity of its contractual agreements and revenue sources, leading to misleading positive statements about its business prospects [2]. Group 2: Shareholder Actions - Shareholders who purchased shares of TWOU during the class period from February 9, 2022, to February 12, 2024, are encouraged to register for potential lead plaintiff appointment, with a deadline set for August 12, 2024 [3][5]. - Once registered, shareholders will be enrolled in a portfolio monitoring software to receive updates on the case's status [3].

SO WHAT: If you purchased 2U securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources or any meaningful peer recognition. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, co ...

NEW YORK, June 21, 2024 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC, a nationally recognized law firm, notifies investors that a class action lawsuit has been filed against 2U, Inc. ("2U" or "the Company") (NASDAQ: TWOU) and certain of its officers. Class Definition This lawsuit seeks to recover damages against Defendants for alleged violations of the federal securities laws on behalf of all persons and entities that purchased or otherwise acquired 2U securities between Februa ...

Core Viewpoint - A class action lawsuit has been filed against 2U, Inc. alleging securities fraud that negatively impacted investors between February 9, 2022, and February 12, 2024 [1][3]. Group 1: Allegations Against 2U - The lawsuit claims that 2U made false statements and concealed critical information regarding its business operations [1]. - Allegations include the inability to maintain relationships with key universities, leading to the cancellation of certain degree programs and partnerships [1]. - The transition to a platform company is said to have resulted in a decrease in full course equivalent enrollments, contradicting the company's positive statements about its business stability and revenue sources [1]. Group 2: Legal Representation - Levi & Korsinsky, LLP is representing the investors in this class action lawsuit, highlighting their extensive experience in securities litigation [2]. - The firm has a strong track record, having secured hundreds of millions of dollars for shareholders over the past 20 years [2]. Group 3: Participation and Next Steps - Investors who suffered losses during the specified timeframe can request to be appointed as lead plaintiff by August 12, 2024 [7]. - Participation in the lawsuit does not require serving as a lead plaintiff to share in any potential recovery [7].

Core Viewpoint - Investors suffering losses from their investments in 2U, Inc. are encouraged to participate in a class action lawsuit due to alleged securities fraud [3]. Group 1: Allegations Against 2U, Inc. - The complaint alleges that during the Class Period, the Company failed to disclose its inability to maintain relationships with key universities and organizations [5]. - As a result of these failures, certain degree programs and partnerships either did not materialize or were cancelled [5]. - The Company's transition to a platform model is claimed to have led to a decrease in full course equivalent enrollments [5]. - Consequently, the Company is accused of overstating the stability and longevity of its contractual agreements and revenue sources [5]. - Defendants' positive statements regarding the Company's business, operations, and prospects are alleged to be materially misleading and lacking a reasonable basis [5]. Group 2: Class Action Details - The Class Period for the lawsuit is defined as February 9, 2022, to February 12, 2024 [6]. - The deadline for lead plaintiffs to file is set for August 12, 2024 [6].

Company Overview - 2U, Inc. is an American company that collaborates with non-profit colleges and universities to develop online degree and non-degree programs, including courses offered through its edX platform [3]. Securities Fraud Claims - A class action lawsuit has been initiated against 2U, Inc. for alleged securities fraud, with claims that the company made false and misleading statements regarding its business operations and prospects during the Class Period from February 9, 2022, to February 12, 2024 [4][8]. - The complaint alleges that 2U, Inc. failed to disclose its inability to maintain relationships with key universities, leading to the cancellation of certain degree programs and a decline in enrollments [4]. Financial Performance - On February 12, 2024, 2U disclosed substantial doubt about its ability to continue as a going concern due to its debt, reporting full-year revenue of $946 million, which missed its previous guidance of $965 to $990 million [5]. - The company reported a year-over-year revenue decline of 2% across its Degree Program Segment and Alternative Credential Segment, with total revenue also decreasing by 2% [5]. - For the full year 2024, 2U estimated revenue would further decline to between $805 million and $815 million [5]. Stock Price Movement - Following the February 12, 2024 announcement, 2U's share price plummeted by $0.55, or 59.33%, closing at $0.37 per share on February 13, 2024, amid unusually heavy trading volume [5]. - On November 9, 2023, 2U announced the end of its 15-year collaboration with USC, recognizing $80 million in the fourth quarter related to partners exiting certain degree programs, which contributed to a 21% decrease in full course equivalent enrollment [10]. - After this announcement, 2U's stock price fell by $1.35, or 56.72%, closing at $1.03 per share on November 10, 2023, also on unusually heavy trading volume [10].

Shareholders who purchased shares of TWOU during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery. ALLEGATIONS: The complaint alleges that during the class period, Defendants issued materially false and/or misleading statements and/or failed to disclose that: (1) the Company was unable to sustain relationships with key universities and organizations; (2) as a result, certain degr ...