Core Viewpoint - A class action lawsuit has been filed against UiPath Inc. for alleged violations of securities laws, particularly concerning misleading statements and failure to disclose important information to investors [1][7]. Group 1: Lawsuit Details - The class period for the lawsuit is from December 1, 2023, to May 29, 2024 [4]. - The lawsuit is based on UiPath's announcement of CEO Rob Enslin's resignation, which led to a 34% drop in the company's shares the following day [7]. - Shareholders who purchased shares during the class period are encouraged to participate in the lawsuit to recover losses [5][6]. Group 2: Next Steps for Shareholders - Shareholders must register to be enrolled in a portfolio monitoring software that provides updates on the case [2]. - There is no cost or obligation for shareholders to participate in the lawsuit [2]. Group 3: Law Firm Background - DJS Law Group specializes in securities class actions and corporate governance litigation, representing large hedge funds and asset managers [8].

If you suffered UiPath losses, you may CLICK HERE or go to: https://www.ktmc.com/new-cases/uipathinc?utm_source=PR&utm_medium=link&utm_campaign=path&mktm=r On May 29, 2024, UiPath issued a press release announcing the resignation of Robert Enslin as the company's CEO, effective June 1, 2024, and the reappointment of Daniel Dines as CEO. On that same day, UiPath issued a separate press release announcing disappointing first quarter 2025 financial results and a significant cut in its revenue guidance for fisc ...

These stocks have a lot of room left to increase in value as AI-related spending grows. Artificial intelligence (AI) has been the driving force behind the current bull market run. The strong demand for AI hardware, software, and development tools and services has resulted in ballooning revenue and profits for several high-profile tech companies. But the trend may be just getting started. Generative AI spending will increase from $67 billion last year to $1.3 trillion by 2032, according to estimates from Blo ...

Investors have until August 19, 2024 to ask the Court to be appointed to lead the case. The complaint asserts claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 on behalf of investors in UiPath securities between December 1, 2023 and the close of trading on May 29, 2024 inclusive (the "Class Period"). The case is pending in the U.S. District Court for the Southern District of New York and is captioned Zack Steiner v. UiPath, Inc., No. 1:24-cv-4702. A copy of the lawsuit can be foun ...

NEW YORK, July 20, 2024 (GLOBE NEWSWIRE) -- WHAT TO DO NEXT: To join the UiPath class action, go to https://rosenlegal.com/submit-form/? case_id=19012 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email case@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than August 19, 2024. A lead plaintiff is a representative party acting on behalf of other class members in directing the l ...

Undoubtedly, Cathie Wood and the Ark Innovation Fund (NYSEARCA:ARKK) have struggled to keep pace with the Nasdaq 100 in recent years. As rates and inflation fall (Cathie Wood sees deflation ahead), the climate certainly seems a heck of a lot more hospitable to speculative innovators that have been long forgotten in this large-cap-favored era of the Magnificent Seven. Source: Iv-olga / Shutterstock.com That said, the longer-term growth story encompasses growth from AI, robotaxis, humanoid robots (Optimus), a ...

NEW YORK, July 20, 2024 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces it has filed a lawsuit against UiPath, Inc. ("UiPath" or the "Company") (NYSE:PATH) and certain of the Company's senior executives. What is the Lawsuit About? On May 29, 2024, UiPath announced the sudden departure of CEO Robert Enslin. On the same day, UiPath announced disappointing 1Q 25 financial results and significantly cut its FY 25 revenue guidance by 10%, or $150 million. The Company attribute ...

These statements were allegedly materially false and misleading. In truth, UiPath's turnaround strategy had failed. Fruitless investments and inconsistent execution plagued the Company's overhauled go-to-market strategy. Additionally, UiPath's AI-powered Business Automation Platform caused "confusion" among customers and was not able to be adequately scaled. As a result, UiPath experienced significant difficulties closing and/or expanding large multiyear deals. This news caused the price of UiPath stock to ...

On May 29, 2024, UiPath announced the sudden departure of CEO Robert Enslin. On the same day, UiPath announced disappointing first quarter 2025 financial results and significantly cut its full year 2025 revenue guidance by 10%, or $150 million. The Company attributed the poor results and guidance to several factors related to its failed turnaround strategy, including an inadequate execution strategy to scale the Company's AIpowered growth products to reach their full potential. Additionally, UiPath reported ...

PHILADELPHIA, July 17, 2024 (GLOBE NEWSWIRE) -- Nationally recognized law firm Berger Montague PC informs investors that a lawsuit was filed against UiPath, Inc. ("UiPath" or the "Company") (NYSE: PATH) on behalf of purchasers of UiPath securities between December 1, 2023 and May 29, 2024, inclusive (the "Class Period"). CLICK HERE to learn more about the lawsuit. According to the complaint, throughout the Class Period, the defendants made materially false and misleading statements concerning UiPath's turna ...