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NEW ORLEANS, Sept. 12, 2023 (GLOBE NEWSWIRE) — ClaimsFiler, a FREE shareholder information service, reminds investors that they have until November 6, 2023 to file lead plaintiff applications in a securities class action lawsuit against UiPath Inc. (NYSE: PATH), if they purchased the Company’s shares between April 21, 2021 and March 30, 2022, inclusive (the “Class Period”). This action is pending in the United States District Court for the Southern District of New York.
UiPath investors should visit us at https://www.claimsfiler.com/cases/nyse-path or call toll-free (844) 367-9658. Lawyers at Kahn Swick & Foti, LLC are available to discuss your legal options.
About the Lawsuit
UiPath and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
On March 30, 2022, the Company, a global provider of robotic process automation software, announced its financial results for the quarter and year ended January 31, 2022, disclosing disappointing earned revenues results as well as guidance for ARR (annualized renewal run-rate, an important indicator of the Company’s success) and revenue that were substantially below consensus analysts’ expectations, indicating that the declining growth trends adversely impacting the Company were expected to continue.
On this news, shares of UiPath fell $7.45, or more than 25%, to close at $21.59 per share on March 31, 2022.
The case is Gera v. UiPath, Inc., et al., No. 23-cv-7908.
ClaimsFiler has a single mission: to serve as the information source to help retail investors recover their share of billions of dollars from securities class action settlements. At ClaimsFiler.com, investors can: (1) register for free to gain access to information and settlement websites for various securities class action cases so they can timely submit their own claims; (2) upload their portfolio transactional data to be notified about relevant securities cases in which they may have a financial interest; and (3) submit inquiries to the Kahn Swick & Foti, LLC law firm for free case evaluations.
To learn more about ClaimsFiler, visit www.claimsfiler.com.