Legal

Pomerantz Law Firm Files Class Action Against 2U, Inc. Over Alleged Securities Fraud

Published June 23, 2024

New York June 22, 2024 – Pomerantz LLP, a prominent law firm specializing in corporate, securities, and antitrust class litigation, has filed a class-action lawsuit against the educational technology company 2U, Inc. TWOU, based in Lanham, Maryland, which operates across the United States as well as in Hong Kong, South Africa, and the United Kingdom. The lawsuit alleges that the company has violated federal securities laws.

Details of the Class Action

The legal complaint filed by Pomerantz LLP accuses 2U, Inc. of misrepresentations and omissions related to the company’s business operations, compliance policies, and the potential impact of these factors on its business and share price. Shareholders who have suffered losses are invited to join the class action to seek recovery of their investments. 2U, Inc. has reportedly made false and misleading statements to the investing public, leading to damages for those who invested in the company's stock during the class period.

Investor Guidance

Investors who have purchased shares of 2U, Inc. TWOU and experienced significant losses are urged to contact the lead plaintiff representative, Danielle Peyton, by email at [email protected] or by phone at 646-581-9980, or toll-free at 888.4-POMLAW, extension 0. The firm offers assistance and consultation to shareholders looking to take action concerning their investment rights. Prompt registration is advised given that statutory deadlines can affect shareholders’ ability to participate in the class action.

About 2U, Inc.

2U, Inc. TWOU is a company that specializes in providing educational technology. They aim to support and collaborate with top-tier universities to offer transformative online education. Despite its reputable collaborations and market operations, the allegations in the class action represent a serious concern regarding its adherence to fair disclosure practices and regulations governing financial and corporate conduct.

lawsuit, investors, fraud