Unisys Corporation (NYSE: UIS)

This investigation is for anyone who acquired securities in Unisys Corporation (NYSE: UIS) prior to October 22, 2024.

The Law Offices of Howard G. Smith believes that the Company and certain of its executives violated federal law. Specifically, the Law Offices of Howard G. Smith believes that the Company misled investors regarding its financial condition. More specifically, the Law Offices of Howard G. Smith believes that the Company misled investors by telling investors that the Company had in place controls to both prevent and if unsuccessful to timely disclose cybersecurity breaches but then by lacking adequate controls.

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, the price of the Company’s stock dropped precipitously on unusually heavy trading volume.

The Law Offices of Howard G. Smith seeks to recover damages on behalf of class members. If you acquired securities in Unisys Corporation (NYSE: UIS) prior to October 22, 2024 you may join the lawsuit by submitting your information online, or you may call the Law Offices of Howard G. Smith and speak to Mr. Smith directly to learn how he can protect your rights.