ROSEN, LEADING INVESTOR COUNSEL, Encourages 2U, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – TWOU
2U2U(US:TWOU) GlobeNewswire News Room·2024-07-29 22:09

Core Viewpoint - Rosen Law Firm is reminding investors who purchased 2U, Inc. securities between February 9, 2022, and February 12, 2024, of the upcoming lead plaintiff deadline on August 12, 2024, for a class action lawsuit [1][5]. Group 1: Class Action Details - A class action lawsuit has been filed against 2U, Inc. due to allegations of false and misleading statements regarding the company's relationships with universities, the sustainability of its degree programs, and the impact of its transition to a platform company on enrollments [3]. - The lawsuit claims that 2U overstated the stability of its contractual agreements and revenue sources, leading to materially misleading statements about its business and prospects [3]. - Investors who purchased 2U securities during the class period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [5]. Group 2: Legal Process and Participation - Investors wishing to join the class action must act before the lead plaintiff deadline of August 12, 2024, and can do so by contacting Rosen Law Firm [2][7]. - No class has been certified yet, meaning investors are not represented by counsel unless they retain one, and they can choose to remain absent from the class [4]. - The Rosen Law Firm emphasizes the importance of selecting qualified counsel with a successful track record in securities class actions [6].