PATH - Shareholder Alert: Robbins LLP Informs Stockholders of the Class Action Filed Against UiPath Inc. (PATH) | Benzinga

SAN DIEGO, June 21, 2024 (GLOBE NEWSWIRE) -- Robbins LLP informs investors that a shareholder filed a class action on behalf of persons and entities that purchased or otherwise acquired UiPath, Inc. (NYSE:PATH) securities between December 1, 2023 and May 29, 2024. UiPath is a business automation software company.

For more information, submit a form, email attorney Aaron Dumas, Jr., or give us a call at (800) 350-6003.

The Allegations: Robbins LLP is Investigating Allegations that UiPath, Inc. (PATH) Misled Investors Regarding it Business Prospects

According to the complaint, during the class period, defendants touted the success of UiPath's turnaround strategy. Specifically, defendants asserted that UiPath's Business Automation Platform "enables us to close larger, more strategic deals" and that its AI-powered products "set[] us apart from the competition." Plaintiff alleges, however that UiPath's turnaround strategy had failed. Fruitless investments and inconsistent execution plagued the Company's overhauled go-to-market strategy. Additionally, far from a competitive strength, UiPath's AI-powered Business Automation Platform suffered from the Company's inability to adequately scale its AI-powered tools and ...

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