For more information, submit a form, email attorney Aaron Dumas, Jr., or give us a call at (800) 350-6003. The Allegations: Robbins LLP is Investigating Allegations that 2U, Inc. (TWOU) Misled Investors Regarding its Business Prospects Plaintiff alleges that during the class period, defendants failed to disclose that: (i) the Company was unable to sustain relationships with key universities and organizations; (ii) as a result, certain degree programs and partnerships failed to materialize or were cancelled; ...

Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of 2U, Inc. regarding allegations of misleading statements and failures to disclose critical information during a specified class period [1]. 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 [3]. - The transition to a platform company is claimed to have resulted in a decrease in full course equivalent enrollments [3]. - The company is accused of overstating the stability and longevity of its contractual agreements and revenue sources [3]. - Positive statements made by the defendants about the company's business, operations, and prospects are alleged to be materially misleading and lacking a reasonable basis [3]. Class Period and Next Steps - The class period for the allegations is defined as February 9, 2022, to February 12, 2024 [6]. - Shareholders who purchased shares during this period are encouraged to register for potential lead plaintiff appointment, with a deadline set for August 12, 2024 [6][7].

LOS ANGELES, June 18, 2024 (GLOBE NEWSWIRE) -- Glancy Prongay & Murray LLP ("GPM") reminds investors of the upcoming August 12, 2024 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased or otherwise acquired 2U, Inc. ("2U" or the "Company") (NASDAQ: TWOU) securities between February 9, 2022 and February 12, 2024, inclusive (the "Class Period"). On this news, 2U's share price fell $1.35, or 56.72% to close at $1.03 on November 10, 2023, on unusually heavy tr ...

Core Viewpoint - A class action securities lawsuit has been filed against 2U, Inc. alleging that the company made false statements and concealed critical information regarding its business operations and partnerships [1][2]. Summary by Relevant Sections Allegations of the Lawsuit - The complaint claims that 2U 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 alleged that the transition to a platform company 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, making the company's positive statements materially misleading [2]. Class Definition and Participation - The lawsuit seeks to recover losses for 2U investors adversely affected by the alleged securities fraud between February 9, 2022, and February 12, 2024 [5]. - Investors have until August 12, 2024, to request the Court to appoint them as lead plaintiffs, although participation in any recovery does not require serving as a lead plaintiff [5]. Legal Representation - Levi & Korsinsky, LLP has a strong track record in securities litigation, having secured hundreds of millions of dollars for shareholders over the past 20 years [6]. - The firm has been recognized as one of the top securities litigation firms in the United States for seven consecutive years [6].

You have until August 12, 2024, to ask the Court to appoint you as Lead Plaintiff for the class if you are a shareholder who purchased or otherwise acquired 2U securities during the Class Period. A copy of the Complaint can be obtained at www.pomerantzlaw.com. On this news, 2U's stock price fell $40.50 per share, or 56.72%, to close at $30.90 per share on November 10, 2023. Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms ...

The deadline to ask the court to be appointed lead plaintiff in the case is August 12, 2024. ATLANTA, June 14, 2024 (GLOBE NEWSWIRE) -- A shareholder class action lawsuit has been filed against 2U, Inc. ("2U" or the "Company") (NASDAQ: TWOU). The lawsuit alleges that Defendants made materially false and misleading statements and/or failed to disclose material adverse information about the Company's business, operations, and prospects, including allegations that: (1) 2U was unable to sustain relationships wi ...

Core Viewpoint - The primary objective of the Reverse Stock Split by 2U, Inc. is to increase the per share market price of its Common Stock to comply with Nasdaq's minimum bid price requirement for continued listing on The Nasdaq Global Select Market [1]. Group 1: Reverse Stock Split Details - 2U, Inc. will implement a 1-for-30 reverse stock split of its outstanding shares of Common Stock, following approval by its Board of Directors [6]. - The Reverse Stock Split is set to become effective at 5 p.m. Eastern Time on June 13, 2024, with trading on a post-split basis commencing on June 14, 2024 [7]. - Upon the effectiveness of the Reverse Stock Split, every 30 shares of Common Stock will be combined into one share, with stockholders retaining the same percentage of ownership, subject to minor adjustments for fractional shares [8]. Group 2: Shareholder Actions and Adjustments - Stockholders holding shares electronically will not need to take any action to receive post-split shares, while those with certificated shares will receive a transmittal letter with instructions for exchanging their certificates [2]. - No fractional shares will be issued; instead, holders will receive cash payments for any fractional shares [8]. - All outstanding equity awards will be proportionately adjusted in connection with the Reverse Stock Split [8]. Group 3: Company Overview - 2U, Inc. is a global leader in online education, connecting over 86 million people with thousands of learning opportunities through its platform edX, in partnership with 260 leading universities and institutions [11].

New degrees in teaching, speech pathology, and educational leadership designed to address critical workforce gaps, connect aspiring educators and health practitioners with high-quality training "Through our ongoing partnership with Pepperdine, we are bringing together 2U's services and technology with Pepperdine's academic excellence to meet critical professional needs in healthcare and education," said Andrew Hermalyn, President of 2U's Degree Program Segment. "With these new degrees, we are deepening our ...

Safe Harbor 2 First Quarter 2024 Performance Highlights 6 ● 18 additional degree launches planned for 2024 - more favorable cash flow characteristics ● Identified $90 - $100 million annual run-rate savings across the business ○ Process improvements | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |-------|------------|----------------------------------|-----------------------------|--------|-------|-------|--------------|----------------------------------------|---------------|-------| | ...

Josh Baer - Morgan Stanley Ryan MacDonald - Needham & Company Thank you for standing by. My name is Jeannie and I will be your conference operator today. At this time, I would like to welcome everyone to the 2U, Inc. First Quarter 2024 Earnings Call. Joining me on the call this afternoon are Paul Lalljie, Chief Executive Officer; and Matt Norden, Chief Financial Officer. We will be sharing our remarks before opening the call up for your questions. But first, I'd like to cover a few housekeeping items. Our e ...