SAN FRANCISCO, CA / ACCESSWIRE / November 8, 2022 / - Hagens Berman urges Unisys Corporation (NYSE:UIS) investors who suffered significant losses to submit your losses now.
Visit: www.hbsslaw.com/investor-fraud/UIS
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Unisys Corporation (NYSE:UIS) Investigation:
The investigation focuses on Unisys' past financial statements that it maintained adequate internal controls over financial reporting.
More specifically, on Nov. 7, 2022, Unisys reported a widened third-quarter loss and disclosed an internal investigation that prevented the Company from filing its audited financial results with the SEC. The company stated that its Audit Committee is conducting an internal investigation "regarding certain disclosure controls and procedures matters, including, but not limited to, the dissemination and communication of information within certain parts of the organization." The company further stated that "it may determine that there are one or more material weaknesses in its internal control over financial reporting[.]"
This news sent the price of Unisys shares crashing 48% lower in a single trading day.
"We're focused on investors' losses and whether Unisys may have violated its disclosure obligations," said Reed Kathrein, the Hagens Berman partner leading the investigation.
If you invested in Unisys and have significant losses, or have knowledge that may assist the firm's investigation, click here to discuss your legal rights with Hagens Berman.
Whistleblowers: Persons with non-public information regarding Unisys should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 844-916-0895 or email [email protected].
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Hagens Berman is a global plaintiffs' rights complex litigation law firm focusing on corporate accountability through class-action law. The firm is home to a robust securities litigation practice and represents investors as well as whistleblowers, workers, consumers and others in cases achieving real results for those harmed by corporate negligence and fraud. More about the firm and its successes can be found at hbsslaw.com. Follow the firm for updates and news at @ClassActionLaw.
Contact:
Reed Kathrein, 844-916-0895
SOURCE: Hagens Berman Sobol Shapiro LLP