2U(US:TWOU) Prnewswire·2024-07-17 09:45Core Points - The Gross Law Firm has issued a notice to shareholders of 2U, Inc. regarding a class action lawsuit related to misleading statements made by the company during a specified class period [1] - The class period for the allegations spans from February 9, 2022, to February 12, 2024, during which the company allegedly failed to maintain key relationships and overstated its business stability [2] - Shareholders are encouraged to register for the class action by the deadline of August 12, 2024, to potentially become lead plaintiffs and receive updates on the case [3] Allegations Summary - The complaint alleges that 2U, Inc. was unable to sustain relationships with key universities and organizations, leading to the cancellation of certain degree programs and partnerships [2] - The transition to a platform company reportedly resulted in a decrease in full course equivalent enrollments, contradicting the company's positive statements about its business prospects [2] - The company is accused of overstating the stability and longevity of its contractual agreements and revenue sources, which misled investors about its operational health [2] Next Steps for Shareholders - Shareholders who purchased shares during the class period should register to participate in the class action, which includes enrollment in a portfolio monitoring software for case updates [3] - There is no cost or obligation for shareholders to participate in the case, and the deadline for seeking lead plaintiff status is August 12, 2024 [3] About the Law Firm - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting investors' rights against deceit and fraud [4] - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements [4]