ATLANTA, June 14, 2024 (GLOBE NEWSWIRE) -- A shareholder class action lawsuit has been filed against 2U, Inc. (“2U” or the “Company”) (NASDAQ: TWOU). The lawsuit alleges that Defendants made materially false and misleading statements and/or failed to disclose material adverse information about the Company’s business, operations, and prospects, including allegations that: (1) 2U was unable to sustain relationships with key universities and organizations; (2) as a result, certain degree programs and partnerships failed to materialize or were cancelled; (3) 2U’s transition to a platform company would lead to a decrease in full course equivalent enrollments; and (4) accordingly, 2U had overstated the stability and/or longevity of its contractual agreements and/or revenue sources.
If you bought shares of 2U between February 9, 2022 and February 12, 2024, and you suffered a significant loss on that investment, you are encouraged to discuss your legal rights by contacting Corey D. Holzer, Esq. at cholzer@holzerlaw.com, by toll-free telephone at (888) 508-6832 or you may visit the firm’s website at www.holzerlaw.com/case/2u/ to learn more.
The deadline to ask the court to be appointed lead plaintiff in the case is August 12, 2024.
Holzer & Holzer, LLC, an ISS top rated securities litigation law firm for 2021 and 2022, dedicates its practice to vigorous representation of shareholders and investors in litigation nationwide, including shareholder class action and derivative litigation. Since its founding in 2000, Holzer & Holzer attorneys have played critical roles in recovering hundreds of millions of dollars for shareholders victimized by fraud and other corporate misconduct. More information about the firm is available through its website, www.holzerlaw.com, and upon request from the firm. Holzer & Holzer, LLC has paid for the dissemination of this promotional communication, and Corey Holzer is the attorney responsible for its content.
CONTACT:
Corey Holzer, Esq.
(888) 508-6832 (toll-free)
cholzer@holzerlaw.com
