2U, Inc. Securities Litigation

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Lawsuit Overview

Defendant:2U, Inc.
Date Filed:August 7th, 2019
Sector:Technology
Industry:Computer Software: Prepackaged Software
Class Start Date:February 26th, 2018
Class End Date:July 30th, 2019

According to the Complaint, 2U is an education technology company that works with universities to provide
online graduate programs and certificates for working adults.

The Complaint alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company's business, operations, and prospects. Specifically, the Complaint alleges Defendants failed to disclose to investors: (1) that the Company faced increasing competition in online education and particularly regarding graduate programs; (2) that the Company faced certain program-specific issues that negatively impacted its performance; (3) that, as a result, the Company's business model was not sustainable; (4) that the Company would slow its program launches; and (5) 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.

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First Identified Complaint

Aaron Harper, et al. v. 2U, Inc., et al.

Date Filed:August 7th, 2019
Class Period Start:February 26th, 2018
Class Period End:July 30th, 2019
First Identified Complaint Filings
#Document TitleFiling Date