TWOU DEADLINE: ROSEN, GLOBAL INVESTOR COUNSEL, Encourages 2U, Inc. Investors with Losses in Excess of $100K to Secure Counsel Before Important August 12 Deadline in Securities Class Action – TWOU
2U2U(US:TWOU) GlobeNewswire News Room·2024-08-03 20:05

Core Viewpoint - Rosen Law Firm is reminding investors who purchased securities of 2U, Inc. between February 9, 2022, and February 12, 2024, about the upcoming lead plaintiff deadline of August 12, 2024, for a class action lawsuit [1][2]. Group 1: Class Action Details - Investors who bought 2U securities during the specified class period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [1]. - A class action lawsuit has already been filed, and interested parties must move the Court to serve as lead plaintiff by August 12, 2024 [2]. - The Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a successful track record in securities class actions [3]. Group 2: Allegations Against 2U, Inc. - The lawsuit alleges that 2U made false or misleading statements and failed to disclose critical information, including its inability to maintain relationships with key universities [4]. - It is claimed that this led to the cancellation of certain degree programs and partnerships, and that 2U's transition to a platform company would decrease full course equivalent enrollments [4]. - The lawsuit asserts that 2U overstated the stability of its contractual agreements and revenue sources, resulting in materially misleading statements about its business and prospects [4].