NEW YORK–(BUSINESS WIRE)–$TWOU #2U—Scott+Scott Attorneys at Law LLP (“Scott+Scott”), an international shareholder and consumer rights litigation firm, is investigating whether 2U, Inc. (“2U” or the “Company”) (NASDAQ: TWOU) or certain of its officers and directors violated federal securities laws. If you purchased or otherwise own 2U stock, and have suffered a loss, you are encouraged to contact Scott+Scott attorney Joe Pettigrew at (844) 818-6982 for more information.
On July 30, 2019, 2U, which helps universities run online classes, announced a larger than expected quarterly loss and told investors that it would be “tempering short-term growth projections” in an attempt to get on a “defined path to profitability.”
On this news, the Company’s shares plummeted about 64% and prompted a number of analysts to downgrade their ratings of the stock. Indeed, according to Marketwatch, Macquarie analyst Sarah Hindlian went so far as to call the quarter “clearly a breaking of the company’s model.”
What You Can Do
If you purchased or otherwise own 2U stock, and you wish to discuss this investigation, please contact attorney Joe Pettigrew at (844) 818-6982, or at [email protected].
About Scott+Scott Attorneys at Law LLP
Scott+Scott has significant experience in prosecuting major securities, antitrust, and employee retirement plan actions throughout the United States. The firm represents pension funds, foundations, individuals, and other entities worldwide with offices in New York, London, Connecticut, California, and Ohio.