The Higher Education Inquirer has recently sent Freedom of Information (FOIA) requests to the US Securities and Exchange Commission (SEC) regarding two edtech companies, 2U and Ambow Education. In both cases, we have requested the number of SEC complaints lodged against these corporations.
2U has dealt with a number of shareholder lawsuits, starting in 2019. In 2024, the online program manager for elite universities went through Chapter 11 bankruptcy and was delisted by the NASDAQ. The FOIA is 25-01645. We are requesting a count of the number of complaints made against 2U since 2016.
Ambow Education has also had financial problems over the years and we have documented some of these problems since 2022. One of its two US schools, Bay State College, was closed in 2023. The FOIA is 25-01633. We are requesting a count of the number of complaints made against Ambow since 2010.
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