Bronstein, Gewirtz & Grossman, LLC Notifies Unity Software, Inc. (U) Investors of Class Action and Encourages Investors to Contact Company
NEW YORK, July 11, 2022 /PRNewswire/ — Attorney Advertising, Bronstein, Gewirtz & Grossman, LLC advises investors that a class action lawsuit has been filed against Unity Software, Inc. (“Unity” or the “Company”) (NYSE: U) and certain of its officers, on behalf of all persons and entities who have purchased or otherwise acquired Unity securities between March 5, 2021 and May 10, 2022, inclusive (the “Class Period”). These investors are encouraged to join this deal by visiting the company’s website: www.bgandg.com/unity.
This class action seeks damages against the defendants for alleged violations of federal securities laws.
The Complaint alleges that, throughout the Class Period, the Defendants made materially false and misleading statements regarding the company’s business, operations and compliance policies. Specifically, defendants made false and/or misleading statements and/or failed to disclose that: (1) deficiencies in the Unity product platform reduced the accuracy of the company’s machine learning technology; (2) the foregoing was likely to have a material adverse impact on the Company’s revenues; (3) as a result, Unity had exaggerated the Company’s business and/or financial outlook for 2022; (4) as a result, the Company was likely to have to reduce its guidance for fiscal year 2022; and (5) therefore, the Company’s public statements were materially false and misleading at all material times.
A class action lawsuit has already been filed. If you would like to view a copy of the complaint, you can visit the firm’s website: www.bgandg.com/unity or you can contact Peretz Bronstein, Esq. or its lawyer and head of customer relations, Yael Nathanson of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484. If you have suffered a loss in Unity, you have until September 5, 2022, to ask the Tribunal to appoint you as the principal plaintiff. Your ability to participate in any collection does not require you to serve as the lead plaintiff.
Bronstein, Gewirtz & Grossman, LLC represents investors in securities fraud class actions and shareholder derivative suits. The company has fetched hundreds of millions of dollars for investors nationwide. Lawyer advertisement. Prior results do not guarantee similar results.
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein Where Yael Nathanson
212-697-6484 | [email protected]
SOURCE Bronstein, Gewirtz & Grossman, LLC