Investors Alerted of Potential Lawsuit
The Schall Law Firm has issued a reminder to investors regarding a class action lawsuit against 2U, Inc. The Company, trading under the ticker symbol TWOU, stands accused of violating certain sections of the Securities Exchange Act of 1934 and related regulations.
Time Frame for Investor Action
Investors who acquired 2U’s securities between February 9, 2022, and February 12, 2024, are advised to reach out to the firm before August 12, 2024, to explore their options.
Key Allegations Against 2U
According to the complaint, the Company allegedly disseminated false and deceiving information to the market. It is claimed that 2U failed to maintain crucial relationships with key universities and entities, resulting in the termination of specific degree programs and partnerships. Furthermore, the transition to a new platform reportedly led to a decline in full course enrollments. As a result, the Company’s public statements during the specified period are alleged to have been inaccurate and misleading. Subsequently, once the market became aware of these issues, investors are said to have incurred financial losses.
Shareholders who have suffered losses are encouraged to consider joining the case to potentially recover damages. The Schall Law Firm, with expertise in securities class action lawsuits and shareholder rights litigation, is available to provide free consultations regarding shareholder rights in connection with this matter.
Legal Disclaimer
It is essential to note that the class action is pending certification, and until that status is confirmed, individuals are not officially represented by legal counsel. Shareholders who opt to take no action will remain as absent class members in the lawsuit.
Conclusion
The allegations against 2U have potentially serious implications for investors, highlighting the importance of due diligence in evaluating investment opportunities. As the legal process unfolds, affected parties have avenues to explore for potential recourse, under the guidance of experienced legal professionals.