NEW YORK, Sept. 21, 2023 (GLOBE NEWSWIRE) -- Levi & Korsinsky, LLP notifies investors in UiPath Inc. ("UiPath" or the "Company") (NYSE:PATH) of a class action securities lawsuit.
CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of UiPath investors who were adversely affected by alleged securities fraud between April 21, 2021 and March 30, 2022. Follow the link below to get more information and be contacted by a member of our team:
https://zlk.com/pslra-1/uipath-lawsuit-submission-form?prid=48950&wire=3
PATH investors may also contact Joseph E. Levi, Esq. via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500.
CASE DETAILS: The filed complaint alleges that defendants made false statements and/or concealed that: (a) UiPath had enacted a widespread discounting program prior to the IPO, which had the effect of temporarily boosting the Company's revenue and annualized renewal run-rate ("ARR") metrics, cannibalizing its future sales, eroding the Company's margins, and increasing the risk of client churn; (b) UiPath's actual ...
PATH) Investors of a Class Action Lawsuit and Upcoming Deadline>Full story available on Benzinga.com