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]. 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 certain degree programs and partnerships were either canceled or did not materialize, leading to a decrease in 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 prospects [4].
TWOU DEADLINE MONDAY: ROSEN, LEADING TRIAL ATTORNEYS, Encourages 2U, Inc. Investors with Losses in Excess of $100K to Secure Counsel Before Important August 12 Deadline in Securities Class Action – TWOU