Shareholders of 2U, Inc. Should Contact The Gross Law Firm Before August 12, 2024 to Discuss Your Rights – TWOU
2U2U(US:TWOU) GlobeNewswire News Room·2024-06-18 17:32

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].