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Zhang Investor Law announces the filing of a class action lawsuit on behalf of shareholders who bought shares of 2U, Inc. (NASDAQ- TWOU) from February 25, 2019 through July 30, 2019 (the “Class Period”). The lawsuit seeks to recover damages for 2U, Inc. investors under the federal securities laws.
If you bought 2U, Inc. securities between February 25, 2019 through July 30 and would like to join the action, please click “Join This Class Action,” above.
SHAREHOLDER ALERT: Zhang Investor Law Announces the Filing of a Securities Class Action Lawsuit Against 2U, Inc.-TWOU
New York, N.Y., September 12, 2019. Zhang Investor Law announces the filing of a class action lawsuit on behalf of shareholders who bought shares of 2U, Inc. (TWOU) between February 25, 2019 and July 30, 2019, inclusive (the “Class Period”).
To join the 2U class action, go to http://zhanginvestorlaw.com/cases/2U-inc/ call Sophie Zhang, Esq. toll-free at 800-991-3756 or email firstname.lastname@example.org for information on the class action.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY RETAIN COUNSEL OF YOUR CHOICE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT.
According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) the Company faced increasing competition in online education and particularly regarding graduate programs; (2) the Company faced certain program-specific issues that negatively impacted its performance; (3) as a result, the Company’s business model was not sustainable; (4) the Company would slow its program launches; and (5) as a result, 2U’s public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.
A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than October 7, 2019. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to join the litigation, go to http://zhanginvestorlaw.com/cases/2u-inc/ or to discuss your rights or interests regarding this class action, please contact Sophie Zhang, Esq. of Zhang Investor Law toll free at 800-991-3756 or via e-mail at email@example.com.
Zhang Investor Law represents investors worldwide.