Grabar Law Office is investigating potential claims against the officers and directors of Unisys Corporation on behalf of current stockholders.

Securities fraud class action complaints have been filed that allege that Unisys, through its Officers and Directors, made false and/or misleading statements and/or failed to disclose that: (i) Unisys' 2022 financial guidance was significantly overstated; (ii) therefor, it was likely that Unisys would be required to make downward revisions to its 2022 financial guidance; and (iii) in addition to the foregoing, material weaknesses existed in Unisys' internal controls over financial reporting.

Specifically, on November 7, 2022, Unisys revealed that it was lowering its previously stated 2022 financial guidance by a significant margin and that it would be "unable to file, without unreasonable effort and expense and within the prescribed time period, its Quarterly Report on Form 10-Q for the quarter ended September 30, 2022." Unisys disclosed that its audit and finance committee "is conducting an internal investigation regarding certain disclosure controls and procedures matters" and that "[f]ollowing the evaluation of the results of the investigation, [Unisys] expects that it may determine that there are one or more material weaknesses in its internal control over financial reporting, which may result in a conclusion that [Unisys'] disclosure controls and procedures and internal control over financial reporting are not effective." The price of Unisys' stock fell by approximately 48% on the news.

If you are a current Unisys shareholder who has held shares since on or before August 3, 2022, you may be able seek corporate reforms, the return of funds expended defending litigation back to company coffers, and potentially a court approved incentive award if appropriate.

If you would like to learn more about this matter at no cost to you, contact us at jgrabar@grabarlaw.com or call 267-507-6085.