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Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until October 7, 2019 to file lead plaintiff applications in a securities class action lawsuit against 2U, Inc. (NasdaqGS: TWOU).
2U and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
On July 30, 2019, 2U, an education technology company providing online graduate programs, disclosed a range of disappointing financial news including a larger-than-expected loss for 2Q2019, a cut to its fiscal 2019 guidance from a net loss of between $79.M and $77.2M to $157.5M and $151.5M, and that it “will moderate [its] grad program launch cadence.”
On this news, the price of 2U’s shares plummeted nearly 65% on unusually heavy trading volume.
If you purchased securities of 2U and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email (email@example.com), or fill out the form on this page.
The first-filed case is Harper v. 2U. Inc., et al., 1:19-cv-07390. Click here to read the case complaint.