SHAREHOLDER ALERT: Pomerantz Law Firm Announces the Filing of a Class Action Against 2U, Inc. - TWOU
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 01 2024
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Source: PRnewswire
Class Action Lawsuit Filed: A class action lawsuit has been initiated against 2U, Inc. for alleged securities fraud and unlawful business practices, with investors encouraged to contact Pomerantz LLP by August 12, 2024, if they purchased shares during the Class Period.
Stock Price Decline: Following significant announcements regarding financial struggles and a partnership wind-down, 2U's stock price plummeted over 56% in November 2023 and nearly 60% in February 2024, reflecting concerns about the company's ability to continue as a going concern.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
