The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Unisys Corporation (“Unisys” or “the Company”) (NYSE: UIS) for violations of the securities laws.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Unisys reported its third quarter financials on November 7, 2022, disclosing a widened quarterly loss while also admitting an internal investigation that is preventing the Company from filing its earnings with regulators. The Company said that the internal investigation is focused on "the dissemination and communication of information within certain parts of the organization." The Company warned that the investigation "may determine that there are one or more material weaknesses in its internal control over financial reporting, which may result in a conclusion that the company’s disclosure controls and procedures and internal control over financial reporting are not effective." Based on this news, shares of Unisys fell by more than 48% in intraday trading on November 8, 2022.
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We also encourage you to contact Brian Schall of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 424-303-1964, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at firstname.lastname@example.org.
The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
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The Schall Law Firm
Brian Schall, Esq.