Securities fraud litigation history and active cases
In Litigation
0
Settlement
0
Closed
2
Total Settlement
$37M
8:24cv1723 • June 13, 2024
Class Period Start
February 9, 2022
Class Period End
February 14, 2024
PSLRA Deadline
August 12, 2024
Case Allegations
10b5
Statutes of Repose
Feb 9, 2025
Country
United States
Court
Federal Court
Oct 6, 2025
No Appeal- Closed
Aug 29, 2025
Motion to Dismiss Granted
The court has granted the defendants' request to dismiss the lawsuit. Depending on the court's decision, the plaintiffs may be allowed to file an updated complaint or pursue an appeal.
Feb 13, 2025
Motion to Dismiss
After reviewing the complaint(s) filed by plaintiffs, defendants have filed a motion requesting that the court dismiss some or all of the plaintiffs' claims. In a motion to dismiss, defendants might challenge the validity of plaintiffs' claims or adequacy of plaintiffs' pleadings. Once a motion to dismiss is filed, the judge will make a decision on whether part or all of the case should be dismissed or the case can proceed as alleged.
Dec 6, 2024
First Amended Complaint
A new complaint has been filed on behalf of certain investors in 2U, Inc.. Amended complaints may contain additional facts, parties, allegations, a change in the class definition, etc.
Sep 13, 2024
Appointment of Lead Plaintiff
The court has appointed a lead plaintiff to represent the interests of investors in the lawsuit. The lead plaintiff works with the attorneys handling the case, helps oversee the litigation, and represents the interests of the proposed class.
8:19cv3455 • August 7, 2019
Class Period Start
February 26, 2018
Class Period End
October 28, 2019
PSLRA Deadline
October 7, 2019
Case Allegations
10b5
Statutes of Repose
Feb 26, 2021
Country
United States
Court
Federal Court
Please note that for cases in the settlement stage, claims are handled by the claims administrator and NOT Levi & Korsinsky. Any information or documentation previously provided to us does not constitute submission of a claim. If you need to file a claim, check the status of a claim, or have questions regarding distribution of settlement funds, please contact the claims administrator below.
Claim Deadline
October 29, 2022
Settlement Fund
$37,000,000
Settlement Status
Disbursed
Settlement Class
All persons or entities that purchased or otherwise acquired the publicly traded common stock of 2U, Inc. (“2U” or the “Company”), including shares purchased or otherwise acquired pursuant or traceable to the Company’s Preliminary Prospectus Supplement dated May 21, 2018 and Prospectus Supplement filed with the U.S. Securities and Exchange Commission on May 23, 2018, which are part of the Registration Statement on Form S-3 (“2U Securities”) during the period of time from February 26, 2018 through July 30, 2019, both dates inclusive.
Claim Administrator
Epiq
2U, Inc. Securities Settlement
c/o Epiq Class Action and Claims Solutions, Inc.
PO Box 5413
Portland, OR 97228-5413
+1 855-709-0808
[email protected]
Settlement Website
www.2USecuritiesClassAction.comHearing Date
December 9, 2022
Opt-out Deadline
November 18, 2022
Settlement Note
Download hereProof Of Claim
Download here
Jul 13, 2023
Disbursement Approved
The court has approved the distribution of settlement funds to eligible class members. Investors with approved claims may receive payments from the settlement. If you have questions about your claim or payment, contact the claims administrator.
Dec 9, 2022
Final Approval of Settlement
The court has granted final approval of the settlement. Eligible investors who submit valid claims may receive a payment once the claims review and distribution process is completed.
Jun 24, 2022
Proof of Claim Form
To receive your portion of the recovery (if you are eligible), you must submit this form to the claims administrator by the deadline indicated on the form itself. If you do not submit this form in time, you will not be entitled to compensation. If you have questions about how to complete the form, you should contact the claims administrator.
Jun 23, 2022
Preliminary Approval of Settlement
The court has granted preliminary approval of a proposed settlement. This means the settlement can move forward for further consideration, but it has not yet received final approval. Potential class members will generally receive notice explaining the settlement, their rights, and any deadlines for submitting a claim, objecting to the settlement, or choosing not to participate.
Jun 2, 2022
Proposed Settlement
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