Award Winning Firm Labaton Sucharow Investigating UiPath Inc. - PATH

Rhea-AI Summary

Labaton Sucharow is investigating UiPath Inc. (NYSE: PATH) for possible violations of federal securities laws. Following UiPath's Q2 earnings release on September 6, 2022, shares plummeted by 16% due to revised forecasts impacted by foreign currency challenges and macroeconomic uncertainty. The investigation targets the potential ramifications of these declines for shareholders. Interested parties who have suffered losses can opt to participate.

Positive

• None.

Negative

• 16% drop in shares following Q2 earnings announcement.
• Reduced annual forecast due to foreign currency headwinds.
• Macroeconomic uncertainty impacting company performance.

NEW YORK, NY / ACCESSWIRE / October 12, 2022 / Labaton Sucharow, a nationally ranked and award-winning shareholder rights law firm, announces that it is investigating UiPath Inc. ("UiPath" or the "Company") (NYSE:PATH) for potential violations of the federal securities laws.

On Tuesday, September 6, 2022, UiPath Inc. shares dropped about 16% in the extended session after the "software robot" provider reported second-quarter earnings after the market close reducing its forecast for the year due to foreign currency headwinds and macroeconomic uncertainty.

If you currently own stock or options in UiPath Inc. and suffered a loss, click here to participate.

If you want to receive additional information and protect your investments free of charge, please contact David J. Schwartz using the toll-free number (800) 321-0476 or via email at david@labaton.com.

About the Firm

Labaton Sucharow LLP is one of the world's leading complex litigation firms representing clients in securities, corporate governance and shareholder rights, consumer, and cybersecurity and data privacy litigation, as well as whistleblower representation. Labaton Sucharow has been recognized for its excellence by the courts and peers, and it is consistently ranked in leading industry publications. Offices are located in New York, NY, Wilmington, DE, and Washington, D.C. More information about Labaton Sucharow is available at labaton.com.

Contacts:

David J. Schwartz
(800) 321-0476
david@labaton.com

SOURCE: Labaton Sucharow LLP

View source version on accesswire.com:
https://www.accesswire.com/720098/Award-Winning-Firm-Labaton-Sucharow-Investigating-UiPath-Inc--PATH

FAQ

What caused UiPath (PATH) stock to drop on September 6, 2022?

UiPath's stock dropped 16% after reporting lower-than-expected second-quarter earnings and reducing its annual forecast due to foreign currency challenges and macroeconomic uncertainty.

Who is investigating UiPath (PATH) for securities violations?

Labaton Sucharow is investigating UiPath for potential violations of federal securities laws.

How can I participate in the investigation of UiPath (PATH)?

Shareholders can participate in the investigation by clicking the provided link in the press release or contacting Labaton Sucharow.