World News: 01:11 GMT Tuesday 13th August 2019. [Hagens Berman Sobol Shapiro LLP via Globe Newswire via SPi World News]
SAN FRANCISCO, Aug. 12, 2019 (GLOBE NEWSWIRE) -- Hagens Berman Sobol Shapiro LLP notifies investors in 2U, Inc. (NASDAQ: TWOU) and reminds them of the Lead Plaintiff deadline in the securities class action, No. 1:19cv07390, filed in the U.S. District Court for the Southern District of New York.
If you invested in 2U and suffered losses you do not need to sign up to be included in the putative class of investors.
or contact Reed Kathrein, who is leading the firm’s investigation, by calling or emailing
On July 30, 2019, the market learned the truth when Defendants announced disappointing Q2 2019 financial results and revised U2’s 2019 guidance to double its expected loss. Analysts immediately downgraded the stock, including Oppenheimer which said 2U was “uninvestable given the uncertainty over its business model.”
This news drove the price of 2U shares steeply lower on July 31, 2019.
“We’re focused on investors’ losses and the extent to which 2U may have misled investors about the sustainability of its business model,” said Hagens Berman partner Reed Kathrein.
Globe Newswire: 01:11 GMT Tuesday 13th August 2019
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