Legal Trouble for 2U, Inc.
Investors in 2U, Inc. have found themselves cast into hot waters as the shadow of a potential securities fraud lawsuit looms over the company. The Schall Law Firm, renowned for litigating shareholder rights, has sounded the alarm, alleging that 2U, Inc. (“2U”) may have transgressed §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 as decreed by the U.S. Securities and Exchange Commission.
The lawsuit, encompassing the period from February 9, 2022, to February 12, 2024, urges investors to step forward and interact with the firm before August 12, 2024, should they have pertinent information to share.
Alleged victims who have incurred losses are encouraged to engage with Brian Schall at the Schall Law Firm to explore their legal options and safeguard their rights without incurring any financial obligations.
The accusations leveled against 2U, Inc. suggest that the company disseminated erroneous and deceptive information to stakeholders. By failing to nurture pivotal relationships with esteemed educational institutions and other entities, 2U suffered setbacks resulting in the termination of multiple degree programs and partnerships. Furthermore, the company’s transition to a new platform led to a decline in full course enrollments, all while the company continued to issue public statements that were allegedly misleading. As the veil of deception lifted from 2U, investors bore the brunt of substantial financial losses.
Investors are encouraged to rally together and seek reparation for their losses by participating in legal proceedings against 2U, Inc. orchestrated by the Schall Law Firm, an entity specializing in securities class action lawsuits and shareholder rights litigation.
With a global reach, the Schall Law Firm aims to represent the interests of investors and deliver justice in an ethical manner.
Please be reminded that this press release may be construed as Attorney Advertising in certain jurisdictions, according to the relevant laws and ethical guidelines.
