LOS ANGELES–(BUSINESS WIRE)–The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of UiPath Inc. (“UiPath” or “the Company”) (NYSE : PATH) for violating securities laws.
The investigation aims to determine whether the Company has made false and/or misleading statements and/or has failed to disclose relevant information to investors. UiPath announced its second quarter results on September 6, 2022, including a reduction in its guidance for the year. The company blamed the disappointing news on foreign currency concerns and macroeconomic uncertainty. Based on this news, UiPath shares fell sharply the next day.
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