ⓘ This article is third-party content and does not represent the views of this site. We make no guarantees regarding its accuracy or completeness.
The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against UiPath Inc. (“UiPath” or “the Company”) (NYSE: PATH) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
Investors who purchased the Company’s securities between December 1, 2023 and May 29, 2024, inclusive (the “Class Period”), are encouraged to contact the firm before August 19, 2024.
We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, 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 bschall@schallfirm.com.
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.
According to the Complaint, the Company made false and misleading statements to the market. UiPath misrepresented the effectiveness of its turnaround strategy, including statements such as its claim it was “executing against that strategy, and we’re seeing [the] results in the deal quality and the customer quality,” and the assertion that “our strategic investments in innovations and our go-to-market ecosystem positions us well for continued momentum.” Based on these facts, the Company’s public statements were false and materially misleading throughout the class period. When the market learned the truth about UiPath, investors suffered damages.
