The Gross Law Firm Reminds Shareholders of a Lead Plaintiff Deadline of August 12, 2024 in 2U, Inc. Lawsuit - TWOU

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]