2U, Inc. (NASDAQ: TWOU)

This lawsuit is for anyone who acquired securities in 2U, Inc. (NASDAQ: TWOU) from February 9, 2022 through February 12, 2024.

The lawsuit alleges that the Company and certain of its executives violated federal law. Specifically, the lawsuit alleges that, throughout the time period mentioned above, the Company misled investors regarding its financial condition. More specifically, the lawsuit alleges that the Company misled investors by failing to timely inform investors of known financial and operational problems that the Company was having that threatened the Company as a going concern.

On November 9, 2023, 2U and the University of Southern California announced that they would be winding down their 15-year collaboration in online degree programs due to the market for degree programs becoming “more difficult to run” due to pricing and other factors. On this news, the price of the Company’s stock dropped precipitously on unusually heavy trading volume. Then, on February 12, 2024, 2U released its fourth quarter and full year 2023 financial results and lowered its 2024 guidance due to poor performance in its Degree Program and Alternative Credentials segments. Additionally, the Company warned of substantial doubt about its ability to continue as a going concern. On this news, the price of the Company’s stock again dropped precipitously on unusually heavy trading volume.

The Law Offices of Howard G. Smith seeks to recover damages on behalf of class members. If you acquired securities in 2U, Inc. (NASDAQ: TWOU) from February 9, 2022 through February 12, 2024 you may join the lawsuit by submitting your information online, or you may call the Law Offices of Howard G. Smith and speak to Mr. Smith directly to learn how he can protect your rights.