An investigation on behalf of investors in UiPath Inc. (NYSE:PATH) shares over potential wrongdoing at UiPath Inc. was announced.
San Diego, CA -- (SBWIRE) -- 05/16/2022 -- An investigation was announced over potential breaches of fiduciary duties by certain officers and directors at UiPath Inc.
Investors who purchased shares of UiPath Inc. (NYSE: PATH) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain UiPath Inc. officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.
New York based UiPath Inc. provides an end-to-end automation platform that offers a range of robotic process automation (RPA) solutions primarily in the United States, Romania, and Japan. UiPath Inc. reported that its Total Revenue rose from $607.64 million for the 12 months period that ended on January 31, 2021, to $892.25 million for the 12 months period that ended on January 31, 2022, and that its Net Loss increased from $92.39 million to $500.94 million over those respective time periods.
Shares of UiPath Inc. (NYSE: PATH) declined from $88.62 per share on May 24, 2021, to as low as $13.66 per share on March 12, 2022.
Those who purchased shares of UiPath Inc. (NYSE: PATH) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
About The Shareholders Foundation
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.