{"id":787146,"date":"2023-09-29T13:15:39","date_gmt":"2023-09-29T17:15:39","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-levi-korsinsky-notifies-uipath-inc-path-investors-of-a-class-action-lawsuit-and-upcoming-deadline-4\/"},"modified":"2023-09-29T13:15:39","modified_gmt":"2023-09-29T17:15:39","slug":"shareholder-alert-levi-korsinsky-notifies-uipath-inc-path-investors-of-a-class-action-lawsuit-and-upcoming-deadline-4","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-levi-korsinsky-notifies-uipath-inc-path-investors-of-a-class-action-lawsuit-and-upcoming-deadline-4\/","title":{"rendered":"SHAREHOLDER ALERT: Levi &amp;\u00a0Korsinsky Notifies UiPath Inc. (PATH)\u00a0Investors of a Class Action Lawsuit and Upcoming Deadline"},"content":{"rendered":"<div class=\"mw_release\">\n<p>NEW YORK, Sept.  29, 2023  (GLOBE NEWSWIRE) &#8212; Levi &amp; Korsinsky, LLP notifies investors in <strong>UiPath Inc.<\/strong> (&#8220;UiPath&#8221; or the &#8220;Company&#8221;) (NYSE: PATH) of a class action securities lawsuit.<\/p>\n<p>\n        <strong>CLASS DEFINITION: <\/strong>The lawsuit seeks to recover losses on behalf of UiPath investors who were adversely affected by alleged securities fraud between April 21, 2021 and March 30, 2022. Follow the link below to get more information and be contacted by a member of our team:<\/p>\n<p align=\"center\">\n        <a href=\"https:\/\/zlk.com\/pslra-1\/uipath-lawsuit-submission-form?prid=49875&amp;wire=3\" rel=\"nofollow noopener\" target=\"_blank\">https:\/\/zlk.com\/pslra-1\/uipath-lawsuit-submission-form?prid=49875&amp;wire=3<\/a>\n      <\/p>\n<p>\n        <strong>PATH<\/strong> investors may also contact Joseph E. Levi, Esq. via email at\u00a0<a href=\"mailto:jlevi@levikorsinsky.com\" rel=\"nofollow noopener\" target=\"_blank\">jlevi@levikorsinsky.com<\/a>\u00a0or by telephone at (212) 363-7500.<\/p>\n<p>\n        <strong>CASE DETAILS: <\/strong>The filed complaint alleges that defendants made false statements and\/or concealed that: (a) UiPath had enacted a widespread discounting program prior to the IPO, which had the effect of temporarily boosting the Company\u2019s revenue and annualized renewal run-rate (&#8220;ARR&#8221;) metrics, cannibalizing its future sales, eroding the Company\u2019s margins, and increasing the risk of client churn; (b) UiPath\u2019s actual total addressable market was not as large as portrayed by defendants, because many companies included in the market survey did not need the type of high-cost, high-functionality automation products offered by the Company; (c) UiPath was losing customers to Microsoft, ServiceNow, SAP, Salesforce, IBM, and other established enterprise software vendors that were building automation into their platforms; (d) UiPath was losing customers due to the increased availability of lowcode automation software offered by vendors, such as Microsoft\u2019s Power Automate software, which were capable of addressing the majority of customer use cases at a fraction of the price of UiPath\u2019s products and services; (e) UiPath was suffering from a loss of channel sales due to strained relationships with the Company\u2019s partners as a result of increased competition between UiPath and these partners; and (f) as a result of (a)-(e) above, defendants\u2019 statements during the Class Period regarding the Company\u2019s business, operations, and key financial metrics such as revenues and ARR were materially false and misleading.<\/p>\n<p>\n        <strong>WHAT&#8217;S NEXT? <\/strong>If you suffered a loss in UiPath during the relevant time frame, you have until <strong>November 6, 2023<\/strong>\u00a0to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn&#8217;t require that you serve as a lead plaintiff.<\/p>\n<p>\n        <strong>NO COST TO YOU: <\/strong>If you are a class member, you may be entitled to compensation without payment of any out-of-pocket costs or fees. <strong>There is no cost or obligation to participate.<\/strong><\/p>\n<p>\n        <strong>WHY LEVI &amp; KORSINSKY: <\/strong>Over the past 20 years, the team at Levi &amp; Korsinsky has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. Our firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi &amp; Korsinsky has ranked in ISS Securities Class Action Services\u2019 Top 50 Report as one of the top securities litigation firms in the United States.<\/p>\n<p>\n        <strong>CONTACT:<\/strong><br \/>\n        <br \/>Levi &amp; Korsinsky, LLP <br \/>Joseph E. Levi, Esq.<br \/>Ed Korsinsky, Esq.<br \/>33 Whitehall Street, 17th Floor<br \/>New York, NY 10004<br \/><a href=\"mailto:jlevi@levikorsinsky.com\" rel=\"nofollow noopener\" target=\"_blank\">jlevi@levikorsinsky.com<\/a><br \/>Tel: (212) 363-7500<br \/>Fax: (212) 363-7171<br \/><a href=\"http:\/\/www.zlk.com\" rel=\"nofollow noopener\" target=\"_blank\">www.zlk.com<\/a><\/p>\n<p \/>\n      <img decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODkzMDczMCM1ODM4NzQ1IzIwMjA0MjY=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" src=\"https:\/\/ml.globenewswire.com\/media\/MGU1Zjg2ZDgtMDMwNC00YmE1LWJmYjMtOTc0ODM0ZjYyNTNkLTEwMzIyOTM=\/tiny\/Levi-Korsinsky-LLP.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>NEW YORK, Sept. 29, 2023 (GLOBE NEWSWIRE) &#8212; Levi &amp; Korsinsky, LLP notifies investors in UiPath Inc. (&#8220;UiPath&#8221; or the &#8220;Company&#8221;) (NYSE: PATH) of a class action securities lawsuit. CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of UiPath investors who were adversely affected by alleged securities fraud between April 21, 2021 and March 30, 2022. Follow the link below to get more information and be contacted by a member of our team: https:\/\/zlk.com\/pslra-1\/uipath-lawsuit-submission-form?prid=49875&amp;wire=3 PATH investors may also contact Joseph E. Levi, Esq. via email at\u00a0jlevi@levikorsinsky.com\u00a0or by telephone at (212) 363-7500. CASE DETAILS: The filed complaint alleges that defendants made false statements and\/or concealed that: (a) UiPath had enacted a widespread discounting program prior to the IPO, which &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-levi-korsinsky-notifies-uipath-inc-path-investors-of-a-class-action-lawsuit-and-upcoming-deadline-4\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;SHAREHOLDER ALERT: Levi &amp;\u00a0Korsinsky Notifies UiPath Inc. (PATH)\u00a0Investors of a Class Action Lawsuit and Upcoming Deadline&#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-787146","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>SHAREHOLDER ALERT: Levi &amp;\u00a0Korsinsky Notifies UiPath Inc. (PATH)\u00a0Investors of a Class Action Lawsuit and Upcoming Deadline - 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\/shareholder-alert-levi-korsinsky-notifies-uipath-inc-path-investors-of-a-class-action-lawsuit-and-upcoming-deadline-4\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SHAREHOLDER ALERT: Levi &amp;\u00a0Korsinsky Notifies UiPath Inc. (PATH)\u00a0Investors of a Class Action Lawsuit and Upcoming Deadline - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"NEW YORK, Sept. 29, 2023 (GLOBE NEWSWIRE) &#8212; Levi &amp; Korsinsky, LLP notifies investors in UiPath Inc. (&#8220;UiPath&#8221; or the &#8220;Company&#8221;) (NYSE: PATH) of a class action securities lawsuit. CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of UiPath investors who were adversely affected by alleged securities fraud between April 21, 2021 and March 30, 2022. Follow the link below to get more information and be contacted by a member of our team: https:\/\/zlk.com\/pslra-1\/uipath-lawsuit-submission-form?prid=49875&amp;wire=3 PATH investors may also contact Joseph E. Levi, Esq. via email at\u00a0jlevi@levikorsinsky.com\u00a0or by telephone at (212) 363-7500. CASE DETAILS: The filed complaint alleges that defendants made false statements and\/or concealed that: (a) UiPath had enacted a widespread discounting program prior to the IPO, which &hellip; Continue reading &quot;SHAREHOLDER ALERT: Levi &amp;\u00a0Korsinsky Notifies UiPath Inc. 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CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of UiPath investors who were adversely affected by alleged securities fraud between April 21, 2021 and March 30, 2022. Follow the link below to get more information and be contacted by a member of our team: https:\/\/zlk.com\/pslra-1\/uipath-lawsuit-submission-form?prid=49875&amp;wire=3 PATH investors may also contact Joseph E. Levi, Esq. via email at\u00a0jlevi@levikorsinsky.com\u00a0or by telephone at (212) 363-7500. CASE DETAILS: The filed complaint alleges that defendants made false statements and\/or concealed that: (a) UiPath had enacted a widespread discounting program prior to the IPO, which &hellip; Continue reading \"SHAREHOLDER ALERT: Levi &amp;\u00a0Korsinsky Notifies UiPath Inc. 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