U Investors have the option to file a lawsuit for securities fraud at Unity Software Inc.
LOS ANGELES, August 12, 2022 /PRNewswire/ — Glancy Prongay & Murray srl (“GPM”) announces that investors suffering substantial losses have the option of pursuing the securities fraud class action lawsuit against Unity Software Inc. (“Unity” or the “Company”) (NYSE: U).
Class period: March 5, 2021 – May 10, 2022
Lead Applicant Deadline: September 6, 2022
If you would like to act as the lead plaintiff in the Unity lawsuit, you can submit your details to www.glancylaw.com/cases/unity-software-inc/. You can also contact Charles H. Linehanfrom GPM at 310-201-9150, toll-free at 888-773-9224, or by email at [email protected] to find out more about your rights.
The filed complaint alleges that, throughout the class period, the defendants failed to disclose to investors that: (1) deficiencies in Unity’s product platform reduced the accuracy of the learning technology automatic company; (2) the foregoing was likely to have a material adverse impact on the Company’s revenues; (3) as a result, Unity had overstated its business and/or financial outlook for 2022; and (4) as a result, defendants’ positive statements about the company’s business, operations and prospects were materially misleading and/or lacked reasonable basis at all relevant times.
To be a class member, you do not need to take any action at this time; you can retain the services of a lawyer of your choice or do nothing and remain an absentee member of the class action. If you would like to know more about this class action, or if you have any questions about this announcement or your rights or interests in the pending class action, please contact Charles Linehan, squireof GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, toll free at 888-773-9224, by email at [email protected]or visit our website at www.glancylaw.com. If requesting by email, please include your mailing address, phone number and number of shares purchased.
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