2U Investors Reach $37 Million Settlement With Online Educator

2U Inc. investors who say the company misled them about competition and enrollment growth asked a federal judge in Maryland for permission to move forward with a $37 million deal resolving their securities suit.

The cash settlement represents more than four times the 2021 median recovery in other securities class deals, the online graduate education program provider’s investors told the US District Court for the District of Maryland in a memo filed as part of their preliminary settlement approval bid.

Investors accused 2U in 2019 of intentionally misleading them about declining enrollment projections and leaving information out of its offering ...