Welcome to the Settlement website for In Re 2U, Inc. Securities Class Action (the “Action”).
Please be advised that the Lead Plaintiff Fiyyaz Pirani (“Pirani” or “Lead Plaintiff”) and Additional Named Plaintiff Oklahoma City Employee Retirement System (“OCERS” or “Additional Named Plaintiff”) (collectively, “Plaintiffs”), on behalf of the Settlement Class (as defined below), have reached a proposed settlement of the Action for a total of $37 million in cash that will resolve all claims in the Action (the “Settlement”). The Settlement Class consists of:
All persons and entities who 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 (the “Class Period”).
If you are a member of the Settlement Class, in order to be potentially eligible to receive a payment under the proposed settlement, you must submit a Claim Form no later than October 29, 2022. Payments to Authorized Claimants will be made only if the Court approves the Settlement and a Plan of Allocation, and only after any appeals are resolved, and after the completion of all claims processing. Please be patient, as this process will take some time to complete.
The Frequently Asked Questions page of this website has more information on your rights as a Settlement Class Member in this Action.
Please read the Notice to also fully understand your rights and options.