NEW YORK, June 15, 2024 /PRNewswire/ — Pomerantz LLP is investigating claims on behalf of investors of UiPath Inc. (“UiPath” or the “Company”) (NYSE: PATH). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.
The investigation concerns whether UiPath and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
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On May 29, 2024, UiPath issued a press release reporting its financial results for the first quarter of its 2025 fiscal year. Among other items, UiPath projected second quarter revenue in the range of $300 million to $305 million, significantly below analyst expectations of $333 million. In a separate press release, UiPath announced the resignation of Rob Enslin “as Chief Executive Officer and member of the UiPath Board of Directors effective June 1, 2024.”
On this news, UiPath’s stock price fell $6.23 per share, or 34.06%, to close at $12.07 per share on May 30, 2024.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered billions of dollars in damages awards on behalf of class members. See www.pomlaw.com.
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CONTACT:
Danielle Peyton
Pomerantz LLP
[email protected]
646-581-9980 ext. 7980
SOURCE Pomerantz LLP
