UIS - Unisys Corp. Sued for Securities Law Violations; Investors Should Contact Block & Leviton for More Information
Boston, Massachusetts--(Newsfile Corp. - November 15, 2022) - Block & Leviton announces that a class action lawsuit has been filed against Unisys Corp. (NYSE: UIS) for securities law violations. Investors who purchased shares and have lost money are encouraged to contact the firm to learn more about how they might recover those losses. For more details, visit https://www.blockleviton.com/cases/uis.
What is this all about?
On November 8, 2022, Unisys Corp. announced financial results for the third quarter of 2022, and disclosed that an internal investigation prevented the company from officially filing earnings as expected. The investigation is being conducted by the Audit & Finance Committee of the Company's Board of Directors and pertains to disclosure controls and procedure matters.
Unisys expects that after evaluating the results of the investigation it may determine that there are one of more material weaknesses in its internal controls over financial reporting.
Shares of Unisys Corp. stock dropped more than 48% in intraday trading on November 8, 2022.
Who is eligible?
Anyone who purchased Unisys Corp. stock between August 3, 2022 and November 7, 2022, whether or not they have sold their investment. Investors should contact Block & Leviton to learn more.
What should you do next?
The deadline to seek appointment as lead plaintiff is January 10, 2023. A class has not yet been certified, and until a certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
If you've lost money on your investment, you should contact Block & Leviton to learn more via our case website, by email at cases@blockleviton.com, or by phone at (617) 398-5600.
Why should you contact Block & Leviton?
Many law firms have issued releases about this matter; most of those firms do not actually litigate securities class actions. Block & Leviton is a law firm that actually litigates cases. We are dedicated to obtaining significant recoveries on behalf of defrauded investors through active litigation in the federal courts across the country. Many of the nation's top institutional investors hire us to represent their interests. You can learn more about us at our website, www.blockleviton.com, or call (617) 398-5600 or email cases@blockleviton.com with any questions.
This notice may constitute attorney advertising.
CONTACT:
BLOCK & LEVITON LLP
260 Franklin St., Suite 1860
Boston, MA 02110
Phone: (617) 398-5600
Email: cases@blockleviton.com
SOURCE: Block & Leviton LLP
www.blockleviton.com
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/144329