TWOU.US
id: 312
D. Maryland
Court8:19-cv-03455
Case number02/26/2018
Class period Start07/30/2019
Class period End10/29/2022
Claim deadlineIN RE 2U, INC. SECURITIES CLASS ACTION
The 2U agreed to pay $37 million to settle with Investors in a securities class action.
The complaint alleged that the Company, its Leaders, and Underwriters made materially false and misleading statements about 2U’s growth and business model, among other things, that allegedly inflated 2U’s stock price.
Investors also alleged that the Preliminary Prospectus Supplement dated May 21, 2018, and the Prospectus Supplement filed with the SEC on May 23, 2018, which are part of the Registration Statement, were inaccurate and misleading, containing untrue statements of material facts.
Case Status
Disbursed
Alleged Offence
Other
Suspected Party
Other
Security Type
Stocks
Trade Direction
Long
Plaintiffs
Fiyyaz Pirani, Oklahoma City Employee Retirement System
Attorneys
Pomerantz LLP, Labaton Sucharow LLP,Goldman & Minton, P.C.
Judge
Hon.Theodore D. Chuang
Administrator
EPIQ
Court hearing date
12/09/2022
Trades matching type
FIFO
+$37,000,000
Cash Settlement Amount