NEW YORK–(BUSINESS WIRE)–Rosen Law Firm, a global investor rights law firm, announces it is investigating potential securities claims on behalf of shareholders of 2U Inc. (NASDAQ: TWOU) resulting from allegations that 2U may have issued materially misleading business information to the investing public.
On July 30, 2019, after the market closed, the Company reported a larger-than-expected loss for the second quarter 2019. 2U’s Chief Executive Officer, Christopher “Chip” Paucek noted that 2U was working toward a “defined path to profitability by tempering short-term growth projections and leveraging our scale to drive greater operational efficiencies across the business.”
Following this report, analysts downgraded 2U and some noted that the company’s model was “breaking.”
On this news, 2U’s common stock fell $23.70 per share or 64.93% to close at $12.80 per share.
Rosen Law Firm is preparing a class action lawsuit to recover losses suffered by 2U investors. If you purchased shares of 2U please visit the firm’s website at http://www.rosenlegal.com/cases-register-1639.html to join the class action. You may also contact Phillip Kim of Rosen Law Firm toll free at 866-767-3653 or via email at [email protected] or [email protected].
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Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 3 each year since 2013. Rosen Law Firm has secured hundreds of millions of dollars for investors.
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Contacts
Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 34th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
[email protected]
[email protected]
[email protected]
www.rosenlegal.com
