NEW YORK, Nov. 18, 2022 (GLOBE NEWSWIRE) — Gainey McKenna & Egleston announces that it has filed a securities class action lawsuit in the U.S. District Court for the Eastern District of Pennsylvania on behalf of any person or entity that purchased Unisys became corporate securities (“Unisys” or “Company”) UIS between August 3, 2022 and November 7, 2022, both dates inclusive (the “Class Period”).

According to the lawsuit, the defendants made false and/or misleading statements and/or failed to disclose the following: the company’s 2022 financial guidance was significantly overstated; accordingly, it was likely that the company would have to negatively revise its 2022 financial guidance once the truth emerged; In addition to the foregoing, there were significant weaknesses in the Company’s internal control over financial reporting; and as a result of the foregoing, the Company’s public statements have been materially false and misleading at all relevant times.

Investors who have purchased or otherwise acquired Unisys stock should contact the company before January 10, 2023 Lead Plaintiff’s Application Deadline. A lead plaintiff is a representative party acting on behalf of other group members in conducting the litigation. If you would like to discuss your rights or interests related to this class action, please contact Thomas J. McKenna, Esq. or Gregory M. Egleston, Esq. by Gainey McKenna & Egleston at (212) 983-1300 or by email at tjmckenna@gme-law.com or gegleston@gme-law.com.

Please visit our website at http://www.gme-law.com for more information about the company.