{"id":709369,"date":"2022-11-09T17:33:34","date_gmt":"2022-11-09T22:33:34","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/investor-alert-edelson-lechtzin-llp-is-investigating-securities-fraud-claims-on-behalf-of-unisys-corporation-nyse-uis-shareholders\/"},"modified":"2022-11-09T17:33:34","modified_gmt":"2022-11-09T22:33:34","slug":"investor-alert-edelson-lechtzin-llp-is-investigating-securities-fraud-claims-on-behalf-of-unisys-corporation-nyse-uis-shareholders","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/investor-alert-edelson-lechtzin-llp-is-investigating-securities-fraud-claims-on-behalf-of-unisys-corporation-nyse-uis-shareholders\/","title":{"rendered":"INVESTOR ALERT: Edelson Lechtzin LLP is Investigating Securities Fraud Claims on Behalf of Unisys Corporation (NYSE: UIS) Shareholders"},"content":{"rendered":"<div class=\"mw_release\">\n<p>NEWTOWN, Pa., Nov.  09, 2022  (GLOBE NEWSWIRE) &#8212; The law firm of Edelson Lechtzin LLP is investigating securities fraud claims on behalf of all purchasers of Unisys Corporation (\u201cUnisys\u201d or the \u201cCompany\u201d) (NYSE: UIS) common stock.<\/p>\n<p>\n        <u>Background on Unisys Corporation. <\/u>\n      <\/p>\n<p>Headquartered in Blue Bell, Pennsylvania, Unisys is an American technology services and consulting company.<\/p>\n<p>On November 8, 2022, Unisys stock dropped almost 50% after the company announced its third quarter 2022 results, which revealed an internal investigation related to communication of information within the company, and a large third quarter loss. The company reported losing $40.1 million, or $0.59 per share in the third quarter.<\/p>\n<p>Unisys also announced filing a Form 12b-25, which disclosed that the Company is unable to file its Quarterly Report on Form 10-Q for the quarter that ended on September 30, 2022 \u201cwithout unreasonable effort and expense and within the prescribed time period.\u201d Unisys warned investors that this investigation may result in a determination \u201cthat there are one or more material weaknesses in its internal control over financial reporting, which may result in a conclusion that the Company\u2019s disclosure controls and procedures and internal control over financial reporting are not effective.\u201d<\/p>\n<p>The Company further disclosed that the \u201cAudit Committee requires additional time to complete its investigation and the Company and its independent registered public accounting firm require incremental time to complete their respective reviews of the Company\u2019s internal controls and procedures.\u201d<\/p>\n<p>\n        <u>For more information, please contact:<\/u><\/p>\n<p>Marc H. Edelson, Esq.<br \/>Eric Lechtzin, Esq.<br \/>EDELSON LECHTZIN LLP<br \/>411 S. State Street, Suite N-300<br \/>Newtown, PA 18940<br \/>Phone: 844-696-7492 or 215-867-2399 ext. 1<br \/>Email: elechtzin@edelson-law.com <br \/>Web: <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=SbkaNMDFMb-xcfHQyjC_6SYFFP2CLBH7CZsh_QU4HK73znt1NF7GdxAtY7vQT_Zt6TtTxGJ895iTq3fxH0WXWyxM9vZHp1cv69PQ7FDBeqY=\" rel=\"nofollow noopener\" target=\"_blank\">www.edelson-law.com<\/a><\/p>\n<p>\n        <u>About Edelson Lechtzin LLP<\/u>\n      <\/p>\n<p>\n        <strong>Edelson Lechtzin LLP<\/strong> is a national class action law firm with offices in Pennsylvania and California. In addition to cases involving securities and investment fraud, our lawyers focus on class and collective litigation in cases alleging violations of the federal antitrust laws, employee benefit plans under ERISA, wage theft and unpaid overtime, consumer fraud, and dangerous and defective drugs and medical devices.<\/p>\n<\/p>\n<p>      <img decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODY5MzM0NCM1MjU0ODczIzIyNTE3NTE=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" src=\"https:\/\/ml.globenewswire.com\/media\/ZWYwM2JhMDctNGJhMC00ZjY5LThkNTQtZmIzYmFmNGU2OGNhLTEyNjMzMDQ=\/tiny\/Edelson-Lechtzin-LLP.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>NEWTOWN, Pa., Nov. 09, 2022 (GLOBE NEWSWIRE) &#8212; The law firm of Edelson Lechtzin LLP is investigating securities fraud claims on behalf of all purchasers of Unisys Corporation (\u201cUnisys\u201d or the \u201cCompany\u201d) (NYSE: UIS) common stock. Background on Unisys Corporation. Headquartered in Blue Bell, Pennsylvania, Unisys is an American technology services and consulting company. On November 8, 2022, Unisys stock dropped almost 50% after the company announced its third quarter 2022 results, which revealed an internal investigation related to communication of information within the company, and a large third quarter loss. The company reported losing $40.1 million, or $0.59 per share in the third quarter. Unisys also announced filing a Form 12b-25, which disclosed that the Company is unable to &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/investor-alert-edelson-lechtzin-llp-is-investigating-securities-fraud-claims-on-behalf-of-unisys-corporation-nyse-uis-shareholders\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;INVESTOR ALERT: Edelson Lechtzin LLP is Investigating Securities Fraud Claims on Behalf of Unisys Corporation (NYSE: UIS) Shareholders&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-709369","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>INVESTOR ALERT: Edelson Lechtzin LLP is Investigating Securities Fraud Claims on Behalf of Unisys Corporation (NYSE: UIS) Shareholders - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/investor-alert-edelson-lechtzin-llp-is-investigating-securities-fraud-claims-on-behalf-of-unisys-corporation-nyse-uis-shareholders\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"INVESTOR ALERT: Edelson Lechtzin LLP is Investigating Securities Fraud Claims on Behalf of Unisys Corporation (NYSE: UIS) Shareholders - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"NEWTOWN, Pa., Nov. 09, 2022 (GLOBE NEWSWIRE) &#8212; The law firm of Edelson Lechtzin LLP is investigating securities fraud claims on behalf of all purchasers of Unisys Corporation (\u201cUnisys\u201d or the \u201cCompany\u201d) (NYSE: UIS) common stock. Background on Unisys Corporation. Headquartered in Blue Bell, Pennsylvania, Unisys is an American technology services and consulting company. On November 8, 2022, Unisys stock dropped almost 50% after the company announced its third quarter 2022 results, which revealed an internal investigation related to communication of information within the company, and a large third quarter loss. The company reported losing $40.1 million, or $0.59 per share in the third quarter. Unisys also announced filing a Form 12b-25, which disclosed that the Company is unable to &hellip; Continue reading &quot;INVESTOR ALERT: Edelson Lechtzin LLP is Investigating Securities Fraud Claims on Behalf of Unisys Corporation (NYSE: UIS) Shareholders&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/investor-alert-edelson-lechtzin-llp-is-investigating-securities-fraud-claims-on-behalf-of-unisys-corporation-nyse-uis-shareholders\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2022-11-09T22:33:34+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODY5MzM0NCM1MjU0ODczIzIyNTE3NTE=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/investor-alert-edelson-lechtzin-llp-is-investigating-securities-fraud-claims-on-behalf-of-unisys-corporation-nyse-uis-shareholders\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/investor-alert-edelson-lechtzin-llp-is-investigating-securities-fraud-claims-on-behalf-of-unisys-corporation-nyse-uis-shareholders\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"INVESTOR ALERT: Edelson Lechtzin LLP is Investigating Securities Fraud Claims on Behalf of Unisys Corporation (NYSE: UIS) Shareholders\",\"datePublished\":\"2022-11-09T22:33:34+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/investor-alert-edelson-lechtzin-llp-is-investigating-securities-fraud-claims-on-behalf-of-unisys-corporation-nyse-uis-shareholders\\\/\"},\"wordCount\":348,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/investor-alert-edelson-lechtzin-llp-is-investigating-securities-fraud-claims-on-behalf-of-unisys-corporation-nyse-uis-shareholders\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODY5MzM0NCM1MjU0ODczIzIyNTE3NTE=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/investor-alert-edelson-lechtzin-llp-is-investigating-securities-fraud-claims-on-behalf-of-unisys-corporation-nyse-uis-shareholders\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/investor-alert-edelson-lechtzin-llp-is-investigating-securities-fraud-claims-on-behalf-of-unisys-corporation-nyse-uis-shareholders\\\/\",\"name\":\"INVESTOR ALERT: Edelson Lechtzin LLP is Investigating Securities Fraud Claims on Behalf of Unisys Corporation (NYSE: UIS) Shareholders - 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Background on Unisys Corporation. Headquartered in Blue Bell, Pennsylvania, Unisys is an American technology services and consulting company. On November 8, 2022, Unisys stock dropped almost 50% after the company announced its third quarter 2022 results, which revealed an internal investigation related to communication of information within the company, and a large third quarter loss. The company reported losing $40.1 million, or $0.59 per share in the third quarter. 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