NOTICE OF INVESTIGATION: Schall Law Firm Announces It is Investigating Claims Against Unisys Corporation and Encourages Investors Suffering Losses to Contact the Firm

LOS ANGELES–(BUSINESS WIRE)–The Schall Law Firm, a national firm specializing in shareholder rights litigation, announces that it is investigating claims on behalf of investors of Unisys Corporation (“Unisys” or “the Company”) ( NYSE: UIS) 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. Unisys released its third quarter financial statements on Nov. 7, 2022, revealing an expanded quarterly loss while admitting an internal investigation that prevents the company from filing its results with regulators. The company said the internal investigation focuses on “disclosure and communication of information within certain parts of the organization.” The company warned that the investigation “may determine that one or more material weaknesses exist in its internal control over financial reporting, which could lead to the conclusion that the company’s disclosure controls and procedures company and internal control over financial reporting are not effective”. Based on this news, Unisys shares fell more than 48% in intraday trading on November 8, 2022.

If you are a shareholder who suffered a loss, click here to participate.

We also encourage you to contact Brian Schall of Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 424-303-1964, to discuss your rights free of charge. You can also reach us via the firm’s website at www.schallfirm.com or by e-mail at [email protected]

The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to do nothing, you can remain an absent member of the group.

Schall Law Firm represents investors worldwide and specializes in securities class action and shareholder rights litigation.

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