Class Action Reports

U Class Action: Learn About the Unity Lawsuit

Levi & Korsinsky, LLP

July 12, 2022

Levi & Korsinsky, LLP announces that a U class action lawsuit has been filed on behalf of investors who purchased Unity Software Inc. (U) securities between March 5, 2021, and May 10, 2022. For more on the U Lawsuit please contact us today.

 

 

 

According to the Unity lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: (i) deficiencies in Unity’s product platform reduced the accuracy of the Company’s machine learning technology; (ii) the foregoing was likely to have a material negative impact on the Company’s revenues; (iii) accordingly, Unity had overstated the Company’s commercial and/or financial prospects for 2022; (iv) as a result, the Company was likely to have to reduce its fiscal 2022 guidance; and (v) as a result, the Company’s public statements were materially false and misleading at all relevant times.

 

TO LEARN MORE ABOUT THE U CLASS ACTION LAWSUIT, CLICK HERE

 

If you suffered a loss in Unity you have until September 6, 2022, to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.

 

CONTACT:

Levi & Korsinsky, LLP

Joseph E. Levi, Esq.

55 Broadway, 10th Floor

New York, NY 10006

jlevi@levikorsinsky.com

Tel: (212) 363-7500

Fax: (212) 363-7171

www.zlk.com