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TWOU.US
id: 312
It is still possible to file a late claim. The court will decide whether to accept late claims or not.
D. Maryland
Court
26 Feb 2018
Class period Start
30 Jul 2019
Class period End
29 Oct 2022
Claim deadline
IN 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
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
09 December 2022
+$37,000,000
Total Settlement Amount

2U Inc

2U, Inc. operates as an online education platform company in the United States and internationally. The company operates through two segments, Degree Program and Alternative Credential. The Degree ...

    Ticker
    TWOU.US
    ISIN
    US90214J1016
    CIK
    1459417
    Sector
    Consumer Defensive
    Industry
    Education & Training Services
    Country
    USA
    Address
    7900 Harkins Road, Lanham, MD, United States, 20706