Legal Investigations

UiPath Inc. (NYSE: PATH)

Company Name:UiPath Inc.

Stock Symbol:NYSE: PATH

Court:Southern District of New York

Class Period Start:04/21/2021

Class Period End (inclusive):03/30/2023

Filing Deadline:The deadline has passed.

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.

Click here to read the first filed complaint.

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On December 20, 2022 a $5,650,000 class action settlement on behalf of persons who purchased Pareteum securities between December 14, 2017, and October 21, 2019, inclusive was preliminarily approved.

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Topics:

What Information Do We Collect About You?
How Do We Collect Information About You?
How Will We Use Information We Collect About You?
Marketing
Access to Your Information and Correction
Your California Privacy Rights
Cookies
Data Retention and Storage
Changes to Our Privacy Policy
How to Contact Us