A securities class action lawsuit has been filed in the USDC – PA. on behalf of purchasers of the securities of Unisys Corporation (NYSE: UIS) between August 3, 2022 and November 7, 2022, both dates inclusive (the “Class Period”). A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than January 10, 2023.
According to the lawsuit, throughout the Class Period, defendants made false and/or misleading statements and/or failed to disclose that:
- the Company’s 2022 financial guidance was significantly overstated;
- accordingly, once the truth was revealed, it was likely that the Company would be required to negatively revise its 2022 financial guidance;
- in addition to the foregoing, material weaknesses existed in the Company’s internal control over financial reporting; and
- as a result of all of the foregoing, the Company’s public statements were materially false and misleading at all relevant times.