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UIS.US
id: 454
The case has been dismissed, typically without any further action.
On November 8, 2022, Unisys (UIS) announced financial results for the Q3 2022 and disclosed 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.”
Additionally, the Company reported that it “expects that it may determine that there are one or more material weaknesses in its internal control over financial reporting, which may result in a conclusion that the Company’s disclosure controls and procedures and internal control over financial reporting are not effective.”
On this news, Unisys stock plunged over 48%, seriously damaging investors.
Investors have all reasons to suspect that the Company and its Leaders breached fiduciary duties to its shareholders.
Case Status
Dismissed
Alleged Offence
Mismanagement,
Misleading Statements,
Financial Misrepresentation,
Fraud,
Failure to Disclose,
Malpractice,
Negligence,
Breach of Fiduciary duty,
Omissions
Suspected Party
Directors,
Management,
Investment Bank,
Service Provider
Security Type
Stocks
Trade Direction
Long
Shock Event Date
11/07/2022
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