Investigation of Unisys Corporation by Glancy Prongay & Murray LLP
Glancy Prongay & Murray LLP, a prominent firm specializing in shareholder rights, has initiated an investigation into Unisys Corporation, a company traded under the ticker UIS. This action comes on behalf of investors who may have experienced losses due to potential violations of federal securities laws.
Serious Allegations Against Unisys Corporation
Recent developments reveal alarming allegations against Unisys. The Securities and Exchange Commission (SEC) has announced that it charged Unisys with making materially misleading statements regarding cybersecurity risks. The allegations extend to negligence involving disclosure controls and procedures requirements, leading the company to incur a civil penalty of $4 million.
Stock Price Impact Following Investigation Announcement
The news of these SEC charges negatively impacted Unisys's stock price. Following the revelation, UIS stock experienced a significant decrease, falling by $1.17 or 17.1% over just two trading days, closing at $5.67 per share. Such a drastic drop signifies the profound effect that regulatory actions can have on market confidence and stock value.
What Investors Should Know
Investors who believe they have experienced losses related to Unisys Corporation are encouraged to take action. By reaching out to Glancy Prongay & Murray LLP, those affected can learn about their rights and the possibility of pursuing claims to recover losses under the federal securities laws.
Steps to Contact the Law Firm
If you wish to discuss your situation regarding Unisys Corporation investments, you can easily do so. Share your details with Glancy Prongay & Murray LLP by visiting their website dedicated to Unisys cases. Additionally, Charles H. Linehan, a representative of GPM, is available at 310-201-9150 or toll-free at 888-773-9224.
Whistleblower Opportunities
For individuals possessing non-public information related to Unisys Corporation, there are potential opportunities to assist the ongoing investigation under the SEC Whistleblower Program. If you provide original information that proves beneficial in a successful recovery by the SEC, you could be eligible for rewards of up to 30 percent.
About Glancy Prongay & Murray LLP
Glancy Prongay & Murray LLP stands as a distinguished law firm with a strong focus on representing both investors and consumers in complex class action litigation, particularly in securities litigation. The firm has received recognition from ISS Securities Class Action Services, being consistently placed in the SCAS Top 50 Report for its achievements in securities class action settlements.
Reputation and Experience
Over the years, Glancy Prongay & Murray LLP has successfully recovered billions of dollars for its clients. Their legal team encompasses nearly 40 attorneys who are well-versed in handling cases involving various forms of corporate misconduct. These include issues relating to financial restatements, insider trading, and violations of FDA regulations across multiple sectors such as healthcare, energy, and technology.
Continuing to Fight for Investor Rights
Through their efforts, Glancy Prongay & Murray LLP has established a reputation for taking a stand against corporate wrongdoing. The law firm's work has been recognized by various prestigious news outlets, further solidifying their commitment to investor rights and accountability in corporate governance.
Frequently Asked Questions
What prompted the investigation into Unisys Corporation?
Glancy Prongay & Murray LLP initiated the investigation after the SEC charged Unisys for making misleading statements about cybersecurity risks and disclosure compliance.
How much will Unisys Corporation pay in penalties?
The company agreed to pay a $4 million civil penalty as a result of the SEC charges against them.
What was the impact of the SEC charges on Unisys stock?
Following the announcement, Unisys's stock price fell by $1.17, or 17.1%, closing at $5.67 per share.
How can I contact Glancy Prongay & Murray LLP?
Investors can reach out to GPM by calling 310-201-9150 or toll-free at 888-773-9224 for inquiries about their situation.
What should I do if I have non-public information regarding Unisys?
Individuals with relevant information can consider participating in the SEC Whistleblower Program, which may offer rewards for original information that assists in successful recoveries.
