openPR Logo
Press release

Lawsuit filed for Investors in shares of 2U, Inc. (NASDAQ: TWOU)

08-13-2019 09:18 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

A lawsuit was filed on behalf of investors in 2U, Inc. (NASDAQ: TWOU) shares over alleged securities laws violations.

A lawsuit was filed on behalf of investors in 2U, Inc. (NASDAQ: TWOU) shares over alleged securities laws violations.

An investor, who purchased shares of 2U, Inc. (NASDAQ: TWOU), filed a lawsuit over alleged violations of Federal Securities Laws by 2U, Inc. in connection with certain allegedly false and misleading statements.

Investors who purchased shares of 2U, Inc. (NASDAQ: TWOU) have certain options and for certain investors are short and strict deadlines running. Deadline: October 7, 2019. NASDAQ: TWOU investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

On May 7, 2019, 2U, Inc. lowered its revenue guidance for fiscal 2019 to a range of $534 to $537 million, from prior guidance range of $546.6 to $550.8 million, due to declining average enrollments in some of its largest graduate programs.
Then on July 30, 2019, after the market closed, 2U, Inc. reported a larger-than-expected loss for second quarter 2019. 2U, Inc. also revised its guidance for fiscal 2019, expecting a net loss between $157.5 and $151.5 million, compared to prior net loss guidance between $79.0 and $77.2 million, because it would “moderate [its] grad program launch cadence.”

Shares of 2U, Inc. (NASDAQ: TWOU) declined from $98.30 per share in May 2018 to as low as $11.37 per share on July 31, 2019.

The plaintiff claims that between February 25, 2019 and July 30, 2019, the Defendants failed to disclose to investors that the Company faced increasing competition in online education and particularly regarding graduate programs, that the Company faced certain program-specific issues that negatively impacted its performance, that, as a result, the Company’s business model was not sustainable, that the Company would slow its program launches, and that, as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

Those who purchased shares of 2U, Inc. (NASDAQ: TWOU) have certain options and should contact the Shareholders Foundation.

Media Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Lawsuit filed for Investors in shares of 2U, Inc. (NASDAQ: TWOU) here

News-ID: 1821852 • Views: 338

More Releases from Shareholders Foundation

Investigation announced for Long-Term Investors in NYSE: TAP shares over potenti …
An investigation was announced for current long-term investors in shares of Molson Coors Brewing Company (NYSE: TAP) concerning potential breaches of fiduciary duties by certain directors of Molson Coors Brewing Company. Investors who are current long term investors in Molson Coors Brewing Company (NYSE: TAP) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554. The investigation by a law firm for current
Investigation announced for long-term Investors in shares of Spectrum Brands Hol …
An investigation on behalf of current long-term investors in shares of Spectrum Brands Holdings, Inc. (NYSE: SPB) concerning potential breaches of fiduciary duties by certain directors and officers of Spectrum Brands Holdings, Inc. was announced. Investors who are current long term investors in Spectrum Brands Holdings, Inc. (NYSE: SPB) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554. The investigation by a
Deadline on August 26th upcoming in Lawsuit filed for Investors in FedEx Corpora …
The Shareholders Foundation announces that a deadline is coming up on August 26, 2019 in the lawsuit filed for certain investors of FedEx Corporation (NYSE: FDX) over alleged securities laws violations by FedEx. Investors who purchased shares of FedEx Corporation (NYSE: FDX) have certain options and there are strict and short deadlines running. Deadline: August 26, 2019. NYSE: FDX stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779
Lawsuit filed for Investors who purchased shares of 3M Company (NYSE: MMM)
An investor, who purchased shares of 3M Company (NYSE: MMM), filed a lawsuit over alleged violations of Federal Securities Laws by 3M Company in connection with certain allegedly false and misleading statements. Investors who purchased shares of 3M Company (NYSE: MMM) have certain options and for certain investors are short and strict deadlines running. Deadline: September 27, 2019. NYSE: MMM investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858)

All 5 Releases


More Releases for NASDAQ:

Board Portal Market Is Booming Worldwide with Diligent, Nasdaq, Passageways
HTF MI recently introduced Global Board Portal Market study with in-depth overview, describing about the Product / Industry Scope and elaborates market outlook and status to 2023. The market Study is segmented by key regions which is accelerating the marketization. At present, the market is developing its presence and some of the key players from the complete study are Diligent Corporation, Nasdaq Incorporation, Passageways, ComputerShare, Leading Boards, Admincontrol AS, Directorpoint,
Global Board Portal Market 2017: Eshare, Admincontrol, Passageways, Nasdaq, Dili …
The report entitled Global Board Portal Market 2017 delivers the comprehensive and in-depth research analysis of the key regional industry standing of the Board Portal market on a global level. This report especially focuses on the core regions such as North & South America, Europe, Africa, South & Middle East Asia and Australia and also the key countries like (USA, Canada, UK, France, Germany, Russia, India, China, South Korea and