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TWOU.US
id: 312, Created by Stan Vick Chase, Scout
2U Inc
Settled
26 February 2018
Class period Start30 July 2019
Class period End29 October 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.
Alleged Offence
Other
Suspected Party
Other
Security Type
Stocks
Trade Direction
Long
Lead plaintiff
Fiyyaz Pirani, Oklahoma City Employee Retirement System
Attorney
Pomerantz LLP, Labaton Sucharow LLP,Goldman & Minton, P.C.
Court
District of Maryland
Judge
Hon.Theodore D. Chuang
Administrator
EPIQ
Court hearing date
09 December 2022
+$37,000,000
Total Settlement Amount