PATH - PATH STOCK NEWS: BFA Law Alerts UiPath Inc. (NYSE:PATH) Shareholders it has Sued the Company for Securities Fraud; Contact Us if you Lost Money on Your Investment | Benzinga

NEW YORK, July 20, 2024 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces it has filed a lawsuit against UiPath, Inc. ("UiPath" or the "Company") (NYSE:PATH) and certain of the Company's senior executives.

If you suffered losses on your UiPath investment, you are encouraged to submit your information at https://www.bfalaw.com/cases/uipath-inc-investigation.

Investors have until August 19, 2024 to ask the Court to be appointed to lead the case. The complaint asserts claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 on behalf of investors in UiPath securities between December 1, 2023 and the close of trading on May 29, 2024 inclusive (the "Class Period"). The case is pending in the U.S. District Court for the Southern District of New York and is captioned Zack Steiner v. UiPath, Inc., No. 1:24-cv-4702. A copy of the lawsuit can be found https://www.bfalaw.com/siteFiles/Cases/show_temp.pdf.

What is the Lawsuit About?

The complaint alleges that throughout the Class Period, defendants made materially false and misleading statements concerning the success of UiPath's turnaround strategy. For instance, defendants represented that the Company was "executing against that strategy, and ...

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