2U Bankruptcy Adds Fuel to OPM Uncertainties

2U, a fading giant in the online program manager space, announced Thursday it had filed for Chapter 11 bankruptcy. While the company said the process will put it back in a competitive position, experts said the filing creates an incentive for longtime customers to rework their contracts or finally jump ship from an OPM plagued for months by lawsuits, layoffs and a struggling bottom line. The news came as no surprise to either opponents or proponents of the industry.