LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz announces an investigation of Unisys Corporation (“Unisys” or the “Company”) (NYSE:UIS) on behalf of investors concerning the Company’s possible violations of federal securities laws.
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On October 22, 2024, the Securities and Exchange Commission announced that it had charged Unisys for “materially misleading statements . . . negligently made regarding cybersecurity risks and events, as well as Unisys’s violations of disclosure controls and procedures requirements,” and that the Company will pay a $4 million civil penalty.
On this news, Unisys’s stock price fell $1.17, or 17.1%, over two consecutive trading days, to close at $5.67 per share on October 23, 2024, thereby injuring investors.
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If you purchased Unisys securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Frank R. Cruz, of The Law Offices of Frank R. Cruz, 2121 Avenue of the Stars, Suite 800, Century City, California 90067 at 310-914-5007, by email to info@frankcruzlaw.com, or visit our website at www.frankcruzlaw.com. If you inquire by email please include your mailing address, telephone number, and number of shares purchased.
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