Current and former top executives at the online education platform 2U Inc. escaped, for now, a shareholder lawsuit claiming they misled investors leading up to the company’s bankruptcy filing last year.
Michael Beaumont failed to allege the executives made any material omissions or misrepresentations that violated federal securities laws, Judge Adam B. Abelson of the US District Court for the District of Maryland wrote in an Aug. 29 order dismissing the case without prejudice.
2U, which works with colleges and universities to deliver content to students seeking online degrees, acquired the nonprofit course provider edX in 2021. The company sought ...