2U(US:TWOU) Prnewswire·2024-07-15 09:45Core Viewpoint - A class action securities lawsuit has been filed against 2U, Inc. alleging securities fraud that negatively impacted investors between February 9, 2022, and February 12, 2024 [5]. Group 1: Lawsuit Details - The lawsuit seeks to recover losses for 2U investors who were adversely affected by alleged securities fraud during the specified time frame [1]. - Investors have until August 12, 2024, to request to be appointed as lead plaintiff, although participation in any recovery does not require serving as a lead plaintiff [2]. - The complaint alleges that the defendants made false statements and concealed critical information regarding the company's relationships with key universities, leading to the cancellation of degree programs and overstated revenue sources [6]. Group 2: 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 [3]. - The firm has been recognized in ISS Securities Class Action Services' Top 50 Report for seven consecutive years as one of the leading securities litigation firms in the United States [3]. Group 3: Cost Implications - Class members may be entitled to compensation without any out-of-pocket costs or fees, and there is no obligation to participate [7].