TWO INVESTOR ALERT: Bronstein, Gewirtz & Grossman LLC announces that 2U, Inc. investors who have suffered substantial losses have the opportunity to pursue a class action lawsuit!

NEW YORK, June 14, 2024 /PRNewswire/ — Attorney Advertising — Bronstein, Gewirtz & Grossman, LLC, a nationally recognized law firm, notifies investors that a class action lawsuit has been filed against 2U, Inc. (“2U” or “the Company”) (NASDAQ: TWOU) and certain of its officers.

Class Definition

This lawsuit seeks damages against Defendants for alleged violations of the federal securities laws on behalf of all persons and entities that purchased or otherwise acquired 2U securities between February 9, 2022 and February 12, 2024 inclusive (the “Class Period”). These investors are encouraged to join this deal by visiting the company’s website: bgandg.com/TWOU.

Case Details

The Complaint alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, and failed to disclose material adverse facts regarding the Company’s business, operations and prospects. Specifically, Defendants failed to disclose to investors: (1) the Company was unable to maintain relationships with key universities and organizations; (2) as a result, some study programs and partnerships did not materialize or were canceled; (3) the Company’s transition to a platform company would result in a decrease in full course-equivalent enrollments; (4) as a result, the Company had overestimated the stability and/or longevity of its contractual arrangements and/or its revenue sources; and (5) that as a result of the foregoing, Defendants’ positive statements regarding the Company’s business, operations and prospects were materially misleading and/or lacked a reasonable basis.

And after?

A class action lawsuit has already been filed. If you would like to view a copy of the complaint, you can visit the firm’s website: bgandg.com/TWOU or you can contact Peretz Bronstein, Esq. or its Client Relations Manager, Nathan Miller, of Bronstein, Gewirtz & Grossman, LLC at 332-239-2660. If you suffered a loss in 2U, you have until August 12, 2024 to ask the Court to appoint you as lead plaintiff. Your ability to participate in any recovery does not require that you be the lead plaintiff.

There is no cost to you

We represent investors in class actions on a contingency fee basis. This means that we will ask the court to reimburse us for out-of-pocket expenses and attorney’s fees, usually a percentage of the total recovery, only if we win our case.

Why Bronstein, Gewirtz & Grossman

Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm representing investors in securities fraud class actions and shareholder derivative lawsuits. Our firm has recovered hundreds of millions of dollars for investors nationwide.

Lawyer advertising. Previous results do not guarantee similar results.

Contact

Bronstein, Gewirtz & Grossman, LLC

Peretz Bronstein or Nathan Miller

332-239-2660 | [email protected]

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