2U, Inc. Sued for Securities Law Violations - Contact The Gross Law Firm Before August 12, 2024 to Discuss Your Rights – TWOU

Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of 2U, Inc. regarding a class action lawsuit alleging that the company made materially false and misleading statements during the class period from February 9, 2022, to February 12, 2024 [3][4]. Group 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 [4]. - It is claimed that the company's transition to a platform model would result in a decrease in full course equivalent enrollments [4]. - The lawsuit asserts that the company overstated the stability and longevity of its contractual agreements and revenue sources, making positive statements about its business operations misleading [4]. Group 2: Shareholder Information - Shareholders who purchased shares of 2U, Inc. during the specified class period are encouraged to register for participation in the class action, with a deadline to seek lead plaintiff status set for August 12, 2024 [2][7]. - There is no cost or obligation for shareholders to participate in the case, and they will be enrolled in a portfolio monitoring software for updates [2][6].