2U owes some university partners and critical vendors. Bill is $30.9M. Here's the breakdown.
https://www.highereddive.com/news/2u-owes-university-clients-bankruptcy-vendors/722829/
6 replies (most recent on top)
Speaking of lawsuits...
https://www.prnewswire.com/news-releases/the-gross-law-firm-notifies-2u-inc-investors-of-a-class-action-lawsuit-and-upcoming-deadline--twou-302213702.html
https://www.globenewswire.com/news-release/2024/08/05/2924543/0/en/SHAREHOLDER-ALERT-Holzer-Holzer-LLC-Reminds-Investors-of-the-August-12-2024-Lead-Plaintiff-Deadline-in-the-Class-Action-Lawsuit-Filed-on-Behalf-of-2U-Inc-TWOU-Shareholders-Investor.html
https://kfor.com/business/press-releases/cision/20240801LA74594/twou-investors-have-the-opportunity-to-lead-2u-inc-securities-fraud-lawsuit-with-the-schall-law-firm/
Keep in mind they had $130 million or so before declaring BK
it's not $110m and never has been. $45m of that goes into the cost to file bankruptcy (and exec bonuses). that leaves a mere $65m for this and the slew of inbound lawsuits
this is from 2U's own press release. paul can't even be bothered to do a good job lying to say nothing of actually running a company
https://2u.com/newsroom/strengthening-2us-financial-position-for-sustained-innovation-and-growth/
I love when Dahn shares “insights” as if they are the smoking g-n to take down 2U.
There goes a lot of that 110 million
So it looks like they'll get paid