2U(US:TWOU) Prnewswire·2024-06-21 09:45Core 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].