NEWTOWN, Pa., Nov. 09, 2022 (GLOBE NEWSWIRE) — The law firm of Edelson Lechtzin LLP is investigating on behalf of all purchasers of Unisys Corporation (“Unisys” or the “Company”) (NYSE:UIS ).

Background information on Unisys Corporation.

Unisys, headquartered in Blue Bell, Pennsylvania, is an American technology services and consulting company.

On Nov. 8, 2022, Unisys stock fell nearly 50% after the company announced its third-quarter 2022 results, which led to an internal investigation related to the transfer of information within the company and a large third-quarter loss revealed. The company reported a loss of $40.1 million, or $0.59 per share, in the third quarter.

Unisys also announced the filing of a Form 12b-25 disclosing that the company will not file its Quarterly Report on Form 10-Q for the quarter ended September 30, 2022 “without undue effort and expense and within the required time limit.” can. Unisys cautioned investors that this investigation could lead to the determination “that there are one or more material weaknesses in its internal control over financial reporting, which could lead to the conclusion that the company’s disclosure controls and procedures and internal control.” on financial reporting are not effective.”

The company also announced that “the Audit Committee requires additional time to complete its investigation and the Company and its independent registered public accounting firm require additional time to complete their respective reviews of the Company’s internal controls and procedures.”

For more information, please contact:

Marc H. Edelson, Esq.
Eric Lechtzin, Esq.
EDELSON LECHTZIN LLP
411 S. State Street, Suite N-300
Neustadt, PA 18940
Phone: 844-696-7492 or 215-867-2399 ext 1
Email: [email protected]
Network: www.edelson-law.com

About Edelson Lechzin LLP

Edelson Lechzin LLP is a national class action law firm with offices in Pennsylvania…