Recent Security Class Actions

Unisys Corporation New Common Stock (NYSE: UIS)

Company Name:Unisys Corporation New Common Stock
Stock Symbol:NYSE: UIS
Class Period Start:02/22/2022
Class Period End (inclusive):11/07/2022
Filing Deadline:01/10/2023

The Complaint alleges that, throughout the Class Period, Defendants made materially false and misleading statements regarding the Company’s business, operations, and prospects. Specifically, the Complaint alleges Defendants made false and/or misleading statements and/or failed to disclose that: (i) the Company’s 2022 financial guidance was significantly overstated; (ii) accordingly, once the truth was revealed, it was likely that the Company would be required to negatively revise its 2022 financial guidance; (iii) in addition to the foregoing, material weaknesses existed in the Company’s internal control over financial reporting; and (iv) as a result of all of the foregoing, the Company’s public statements were materially false and misleading at all relevant times.