Labaton Sucharow Investigating UiPath Inc. - PATH

Rhea-AI Summary

Labaton Sucharow has announced an investigation into UiPath Inc. (NYSE: PATH) for potential violations of federal securities laws. This follows a significant drop in UiPath's shares, which fell approximately 16% on September 6, 2022, after the company revised its annual forecast downward due to foreign currency challenges and macroeconomic uncertainties. Shareholders who have incurred losses are encouraged to contact Labaton Sucharow for more information and to protect their investments.

Positive

• None.

Negative

• Shares dropped 16% following reduced annual forecast.
• Forecast lowered due to foreign currency headwinds.
• Macroeconomic uncertainty highlighted as a risk.

NEW YORK, NY / ACCESSWIRE / September 27, 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/717613/Labaton-Sucharow-Investigating-UiPath-Inc--PATH

FAQ

What caused UiPath's stock to drop by 16%?

UiPath's stock dropped approximately 16% due to a downward revision of its annual forecast, influenced by foreign currency headwinds and macroeconomic uncertainty.

What is Labaton Sucharow investigating regarding UiPath?

Labaton Sucharow is investigating UiPath Inc. for potential violations of federal securities laws following significant stock price declines.

How can shareholders protected by Labaton Sucharow?

Shareholders who have suffered losses due to UiPath's stock decline can contact Labaton Sucharow for potential legal representation to protect their investments.

What is the stock symbol for UiPath?

The stock symbol for UiPath is PATH.

When did UiPath lower its annual forecast?

UiPath lowered its annual forecast on September 6, 2022.