{"id":787487,"date":"2023-10-02T16:15:53","date_gmt":"2023-10-02T20:15:53","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-the-gross-law-firm-notifies-shareholders-of-uipath-inc-of-a-class-action-lawsuit-and-a-lead-plaintiff-deadline-of-november-6-2023-nyse-path-4\/"},"modified":"2023-10-02T16:15:53","modified_gmt":"2023-10-02T20:15:53","slug":"shareholder-alert-the-gross-law-firm-notifies-shareholders-of-uipath-inc-of-a-class-action-lawsuit-and-a-lead-plaintiff-deadline-of-november-6-2023-nyse-path-4","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-the-gross-law-firm-notifies-shareholders-of-uipath-inc-of-a-class-action-lawsuit-and-a-lead-plaintiff-deadline-of-november-6-2023-nyse-path-4\/","title":{"rendered":"SHAREHOLDER ALERT: The Gross Law Firm Notifies Shareholders of UiPath Inc. of a Class Action Lawsuit and a Lead Plaintiff Deadline of November 6, 2023 \u2013 (NYSE: PATH)"},"content":{"rendered":"
\n

NEW YORK, Oct. 02, 2023 (GLOBE NEWSWIRE) — The Gross Law Firm issues the following notice to shareholders of UiPath Inc.<\/strong><\/p>\n

Shareholders who purchased shares of PATH during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.<\/p>\n

CONTACT US HERE:<\/p>\n

\n https:\/\/securitiesclasslaw.com\/securities\/uipath-loss-submission-form\/?id=50092&from=3<\/a>\n <\/p>\n

\n CLASS PERIOD: <\/strong>April 21, 2021 to March 30, 2022<\/p>\n

\n ALLEGATIONS: <\/strong>The complaint alleges that during the class period, Defendants issued materially false and\/or misleading statements and\/or failed to disclose 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 (“ARR”) 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

\n DEADLINE: November 6, 2023<\/strong> Shareholders should not delay in registering for this class action. Register your information here: https:\/\/securitiesclasslaw.com\/securities\/uipath-loss-submission-form\/?id=50092&from=3<\/p>\n

\n NEXT STEPS FOR SHAREHOLDERS: <\/strong>Once you register as a shareholder who purchased shares of PATH during the timeframe listed above, you will be enrolled in a portfolio monitoring software to provide you with status updates throughout the lifecycle of the case. The deadline to seek to be a lead plaintiff is November 6, 2023. There is no cost or obligation to you to participate in this case.<\/p>\n

\n WHY GROSS LAW FIRM? <\/strong>The Gross Law Firm is a nationally recognized class action law firm, and our mission is to protect the rights of all investors who have suffered as a result of deceit, fraud, and illegal business practices. The Gross Law Firm is committed to ensuring that companies adhere to responsible business practices and engage in good corporate citizenship. The firm seeks recovery on behalf of investors who incurred losses when false and\/or misleading statements or the omission of material information by a company lead to artificial inflation of the company’s stock. Attorney advertising. Prior results do not guarantee similar outcomes.<\/p>\n

\n CONTACT:<\/strong>
\n
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email:\u00a0dg@securitiesclasslaw.com<\/a>
Phone: (646) 453-8903<\/p>\n

\n
\n
\n \n <\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

NEW YORK, Oct. 02, 2023 (GLOBE NEWSWIRE) — The Gross Law Firm issues the following notice to shareholders of UiPath Inc. Shareholders who purchased shares of PATH during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery. CONTACT US HERE: https:\/\/securitiesclasslaw.com\/securities\/uipath-loss-submission-form\/?id=50092&from=3 CLASS PERIOD: April 21, 2021 to March 30, 2022 ALLEGATIONS: The complaint alleges that during the class period, Defendants issued materially false and\/or misleading statements and\/or failed to disclose 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 (“ARR”) metrics, cannibalizing its future … <\/p>\n

Continue reading “SHAREHOLDER ALERT: The Gross Law Firm Notifies Shareholders of UiPath Inc. of a Class Action Lawsuit and a Lead Plaintiff Deadline of November 6, 2023 \u2013 (NYSE: PATH)”<\/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-787487","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nSHAREHOLDER ALERT: The Gross Law Firm Notifies Shareholders of UiPath Inc. of a Class Action Lawsuit and a Lead Plaintiff Deadline of November 6, 2023 \u2013 (NYSE: PATH) - 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-the-gross-law-firm-notifies-shareholders-of-uipath-inc-of-a-class-action-lawsuit-and-a-lead-plaintiff-deadline-of-november-6-2023-nyse-path-4\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SHAREHOLDER ALERT: The Gross Law Firm Notifies Shareholders of UiPath Inc. of a Class Action Lawsuit and a Lead Plaintiff Deadline of November 6, 2023 \u2013 (NYSE: PATH) - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"NEW YORK, Oct. 02, 2023 (GLOBE NEWSWIRE) — The Gross Law Firm issues the following notice to shareholders of UiPath Inc. Shareholders who purchased shares of PATH during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery. CONTACT US HERE: https:\/\/securitiesclasslaw.com\/securities\/uipath-loss-submission-form\/?id=50092&from=3 CLASS PERIOD: April 21, 2021 to March 30, 2022 ALLEGATIONS: The complaint alleges that during the class period, Defendants issued materially false and\/or misleading statements and\/or failed to disclose 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 (“ARR”) metrics, cannibalizing its future … Continue reading "SHAREHOLDER ALERT: The Gross Law Firm Notifies Shareholders of UiPath Inc. of a Class Action Lawsuit and a Lead Plaintiff Deadline of November 6, 2023 \u2013 (NYSE: PATH)"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-the-gross-law-firm-notifies-shareholders-of-uipath-inc-of-a-class-action-lawsuit-and-a-lead-plaintiff-deadline-of-november-6-2023-nyse-path-4\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2023-10-02T20:15:53+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODkzMTMyMyM1ODQwNDA1IzIyNTg5MTc=\" \/>\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=\"3 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\\\/shareholder-alert-the-gross-law-firm-notifies-shareholders-of-uipath-inc-of-a-class-action-lawsuit-and-a-lead-plaintiff-deadline-of-november-6-2023-nyse-path-4\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/shareholder-alert-the-gross-law-firm-notifies-shareholders-of-uipath-inc-of-a-class-action-lawsuit-and-a-lead-plaintiff-deadline-of-november-6-2023-nyse-path-4\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"SHAREHOLDER ALERT: The Gross Law Firm Notifies Shareholders of UiPath Inc. of a Class Action Lawsuit and a Lead Plaintiff Deadline of November 6, 2023 \u2013 (NYSE: PATH)\",\"datePublished\":\"2023-10-02T20:15:53+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/shareholder-alert-the-gross-law-firm-notifies-shareholders-of-uipath-inc-of-a-class-action-lawsuit-and-a-lead-plaintiff-deadline-of-november-6-2023-nyse-path-4\\\/\"},\"wordCount\":547,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/shareholder-alert-the-gross-law-firm-notifies-shareholders-of-uipath-inc-of-a-class-action-lawsuit-and-a-lead-plaintiff-deadline-of-november-6-2023-nyse-path-4\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODkzMTMyMyM1ODQwNDA1IzIyNTg5MTc=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/shareholder-alert-the-gross-law-firm-notifies-shareholders-of-uipath-inc-of-a-class-action-lawsuit-and-a-lead-plaintiff-deadline-of-november-6-2023-nyse-path-4\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/shareholder-alert-the-gross-law-firm-notifies-shareholders-of-uipath-inc-of-a-class-action-lawsuit-and-a-lead-plaintiff-deadline-of-november-6-2023-nyse-path-4\\\/\",\"name\":\"SHAREHOLDER ALERT: The Gross Law Firm Notifies Shareholders of UiPath Inc. of a Class Action Lawsuit and a Lead Plaintiff Deadline of November 6, 2023 \u2013 (NYSE: PATH) - 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Shareholders who purchased shares of PATH during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery. CONTACT US HERE: https:\/\/securitiesclasslaw.com\/securities\/uipath-loss-submission-form\/?id=50092&from=3 CLASS PERIOD: April 21, 2021 to March 30, 2022 ALLEGATIONS: The complaint alleges that during the class period, Defendants issued materially false and\/or misleading statements and\/or failed to disclose 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 (“ARR”) metrics, cannibalizing its future … Continue reading \"SHAREHOLDER ALERT: The Gross Law Firm Notifies Shareholders of UiPath Inc. of a Class Action Lawsuit and a Lead Plaintiff Deadline of November 6, 2023 \u2013 (NYSE: PATH)\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-the-gross-law-firm-notifies-shareholders-of-uipath-inc-of-a-class-action-lawsuit-and-a-lead-plaintiff-deadline-of-november-6-2023-nyse-path-4\/","og_site_name":"Market Newsdesk","article_published_time":"2023-10-02T20:15:53+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODkzMTMyMyM1ODQwNDA1IzIyNTg5MTc=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-the-gross-law-firm-notifies-shareholders-of-uipath-inc-of-a-class-action-lawsuit-and-a-lead-plaintiff-deadline-of-november-6-2023-nyse-path-4\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-the-gross-law-firm-notifies-shareholders-of-uipath-inc-of-a-class-action-lawsuit-and-a-lead-plaintiff-deadline-of-november-6-2023-nyse-path-4\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"SHAREHOLDER ALERT: The Gross Law Firm Notifies Shareholders of UiPath Inc. of a Class Action Lawsuit and a Lead Plaintiff Deadline of November 6, 2023 \u2013 (NYSE: PATH)","datePublished":"2023-10-02T20:15:53+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-the-gross-law-firm-notifies-shareholders-of-uipath-inc-of-a-class-action-lawsuit-and-a-lead-plaintiff-deadline-of-november-6-2023-nyse-path-4\/"},"wordCount":547,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-the-gross-law-firm-notifies-shareholders-of-uipath-inc-of-a-class-action-lawsuit-and-a-lead-plaintiff-deadline-of-november-6-2023-nyse-path-4\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODkzMTMyMyM1ODQwNDA1IzIyNTg5MTc=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-the-gross-law-firm-notifies-shareholders-of-uipath-inc-of-a-class-action-lawsuit-and-a-lead-plaintiff-deadline-of-november-6-2023-nyse-path-4\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-the-gross-law-firm-notifies-shareholders-of-uipath-inc-of-a-class-action-lawsuit-and-a-lead-plaintiff-deadline-of-november-6-2023-nyse-path-4\/","name":"SHAREHOLDER ALERT: The Gross Law Firm Notifies Shareholders of UiPath Inc. of a Class Action Lawsuit and a Lead Plaintiff Deadline of November 6, 2023 \u2013 (NYSE: PATH) - 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