Close Menu

Federman & Sherwood Investigates 2U, Inc. for Possible Violations of Federal Securities Laws

Oklahoma
City, OK (August 6,
2019) – The law firm of Federman & Sherwood has initiated
an investigation into 2U, Inc. [NASDAQ: TWOU] with respect to possible
violations of federal securities laws.

2U,
Inc. (“2U”)operates as an education technology company in the United
States, Hong Kong, South Africa and the United Kingdom. Federman & Sherwood’s investigation
focuses on allegations that on July 30, 2019, after the close of trading, 2U
disclosed its financial results for the quarter ended June 30, 2019. The Company’s
founder and Chief Executive Officer Christopher”Chip”Paucekstated
“As we deliver our full portfolio of educational offerings to new and
existing partners, we are also setting 2U on a defined path to profitability by
tempering short-term growth projections and leveraging our scale to drive
greater operational efficiencies across the business.” OnJuly 31, 2019,
2U shares declined$23.70per share or
approximately 65%, on over 50 times the average trading volume of 2U
shares.

If
you purchased shares of common stock in 2U, Inc. prior to July 31, 2019, please
complete the following Investor Certification.

By submitting this form I acknowledge that contacting this law firm through this website does not create an attorney-client relationship, and any information I send is not protected by attorney-client privilege.

protected by reCAPTCHA Privacy - Terms

If
you have any information to assist in our investigation, or have questions or
concerns regarding this notice or your rights or interests in this matter, or
you may contact William B. Federman (wbf@federmanlaw.com) with any
questions you may have regarding this investigation. Federman & Sherwood has extensive
nationwide experience in representing investors in securities, derivative and
merger-related shareholder class actions, and has been appointed as lead
counsel in multiple complex cases across the country.