NEW YORK, June 22, 2024 (GLOBE NEWSWIRE) –
WHY: Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of securities of 2U, Inc. (NASDAQ: TWOU) between February 9, 2022 and February 12, 2024, both dates inclusive (the “Class Period”). A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than 12 August 2024.
SO WHAT: If you purchased 2U securities during the Class Period, you may be entitled to compensation without payment of any out-of-pocket fees or costs through a contingency fee arrangement.
WHAT TO DO NEXT: To join the 2U class action lawsuit, go to https://rosenlegal.com/submit-form/?case_id=26180 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information about the class action lawsuit. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court by 12 August 2024 at the latestA lead plaintiff is a representative party directing the litigation on behalf of other class members.
WHY ROSEN LAW: We encourage investors to select qualified attorneys with a track record of success in leadership roles. Often, the firms that file lawsuits do not have comparable experience, resources, or significant peer recognition. Choose your attorneys wisely. The Rosen Law Firm represents investors around the world and focuses on securities class actions and shareholder derivatives litigation. The Rosen Law Firm has achieved the highest settlement in a securities class action against a Chinese company. The Rosen Law Firm was ranked No. 1 in 2017 by ISS Securities Class Action Services for number of securities class action settlements. The firm has been ranked in the top 4 every year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone, the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named a Titan of Plaintiffs’ Bar by law360. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.
CASE DETAILS: According to the lawsuit, defendants made false and/or misleading statements and/or failed to disclose that: (1) 2U was unable to maintain relationships with key universities and organizations; (2) as a result, certain degree programs and partnerships did not materialize or were canceled; (3) 2U’s transformation into a platform company would result in a decline in full-degree program enrollment; (4) 2U accordingly overstated the stability and/or longevity of its contractual arrangements and/or revenue streams; and (5) as a result, defendants’ positive statements about 2U’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis. When the true details became available to the market, the lawsuit alleges, investors suffered harm.
To join the 2U class action lawsuit, go to https://rosenlegal.com/submit-form/?case_id=26180 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information about the class action lawsuit.
No class action has been certified. Until a class action is certified, you will not be represented by counsel unless you hire one. You may select counsel of your choice. You may also remain as an absent class member and take no action at this time. An investor’s ability to share in any potential future recovery is not dependent on serving as lead plaintiff.
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Contact information:
Laurence Rosen, Esq.
Phillip Kim, Esq.
The Law Firm of Rosen, PA
275 Madison Avenue, 40th floor
New York, NY 10016
Phone: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
[email protected]
www.rosenlegal.com
