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Labaton Sucharow is investigating UiPath Inc. (NYSE: PATH) for potential violations of federal securities laws following a significant 16% drop in shares on September 6, 2022. The decline occurred after the company reported second-quarter earnings and reduced its annual forecast due to adverse foreign currency impacts and macroeconomic uncertainties. This investigation may affect shareholders who have experienced losses in their stock or options holdings.
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Shares dropped 16% following disappointing earnings report.
Reduced annual forecast due to foreign currency headwinds.
Concerns over macroeconomic uncertainty impacting performance.
NEW YORK--(BUSINESS WIRE)--
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.
What triggered the investigation into UiPath Inc. (PATH)?
The investigation into UiPath Inc. was triggered by a 16% drop in its stock price after the company reported second-quarter earnings and lowered its annual forecast.
What date did UiPath Inc. (PATH) experience a significant stock price drop?
UiPath Inc. experienced a significant stock price drop on September 6, 2022.
What were the reasons for UiPath Inc.'s (PATH) reduced forecast?
UiPath Inc. reduced its forecast due to foreign currency headwinds and macroeconomic uncertainty.
Who is conducting the investigation into UiPath Inc. (PATH)?
The investigation into UiPath Inc. is being conducted by Labaton Sucharow, a shareholder rights law firm.
How can shareholders of UiPath Inc. (PATH) participate in the investigation?
Shareholders of UiPath Inc. can participate in the investigation by contacting Labaton Sucharow for more information.
