Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of 2U, Inc. regarding a class action lawsuit due to alleged misleading statements and failures to disclose critical information during the class period from February 9, 2022, to February 12, 2024 [1][2]. 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 transition to a platform company resulted in a decrease in full course equivalent enrollments [4]. - The company allegedly overstated the stability and longevity of its contractual agreements and revenue sources, making positive statements about its business operations misleading [4]. Class Action Details - 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][6]. - There is no cost or obligation for shareholders to participate in the case [2][3].
Investors who lost money on 2U, Inc.(TWOU) should contact The Gross Law Firm about pending Class Action - TWOU