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The Law Offices of Frank R. Cruz Announces Investigation of 2U, Inc. (TWOU) on Behalf of Investors

By: via Business Wire

The Law Offices of Frank R. Cruz announces an investigation of 2U, Inc. (“2U” or the “Company”) (NASDAQ: TWOU) on behalf of investors concerning the Company’s possible violations of federal securities laws.

If you are a shareholder who suffered a loss, click here to participate.

On November 9, 2023, 2U and the University of Southern California announced that they would be winding down their 15-year collaboration in online degree programs due to the market for degree programs becoming “more difficult to run” due to pricing and other factors.

On this news, 2U’s stock price fell $1.35, or 56.7%, to close at $1.03 per share on November 10, 2023, thereby injuring investors.

Then, on February 12, 2024, 2U released its fourth quarter and full year 2023 financial results and lowered its 2024 guidance due to poor performance in its Degree Program and Alternative Credentials segments. Additionally, the Company warned of substantial doubt about its ability to continue as a going concern.

On this news, 2U’s stock price fell $0.55, or 59.3%, to close at $0.37 per share on February 13, 2024, thereby injuring investors further.

Follow us for updates on Twitter: twitter.com/FRC_LAW.

If you purchased 2U securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Frank R. Cruz, of The Law Offices of Frank R. Cruz, 2121 Avenue of the Stars, Suite 800, Century City, California 90067 at 310-914-5007, by email to info@frankcruzlaw.com, or visit our website at www.frankcruzlaw.com. If you inquire by email please include your mailing address, telephone number, and number of shares purchased.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

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