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 firstname.lastname@example.org 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.
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