NEW YORK, Nov. 11, 2022 (GLOBE NEWSWIRE) — Reason:Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of Unisys Corporation (NYSE:UIS) shareholders. The incident follows allegations that Unisys may have disclosed seriously misleading business information to the investing public.

Influences:If you purchased a Unisys bond, you may be able to receive a refund through a contingency fee arrangement with no out-of-pocket or cost. Law firm Rosen is preparing a class action lawsuit to recoup investors’ losses.

Next action:To participate in a prospective class action lawsuit, please visit https://rosenlegal.com/submit-form/?case_id=9648call toll-free 866-767-3653 or email [email protected] or [email protected] Contact Attorney Phillip Kim for information on class action lawsuits.

Event overview:On November 8, 2022, Unisys announced that it “will be unable to file its Quarterly Report on Form 10-Q for the three months ended September 30, 2022 within the timelines established (hereafter referred to as “without undue effort and expense ” designated). ).[10-Q ??]??

The Audit and Finance Committee of the Board of Directors of the Company (hereinafter referred to as the[?????]) conducts internal investigations into specific disclosure control and procedural issues, including but not limited to the dissemination and transfer of information between parts of the organization. The investigations are currently ongoing. After evaluating the results, the company expects to determine that it has one or more material weaknesses in its internal control over financial reporting, leading to the conclusion that the company’s disclosure controls and processes and internal control over financial reporting are ineffective. “

The company further stated, “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 the review of the Company’s internal controls and procedures.” Notwithstanding the foregoing, the Company does not believe The investigation will have its impact on the Company’s September 30, 2022.