NEW YORK, Nov. 13, 2022 (GLOBE NEWSWIRE) —

WHY: Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities lawsuits on behalf of Unisys Corporation (NYSE:UIS) shareholders arising from allegations that Unisys may have disclosed materially misleading business information to the investing public.

SO WHAT: If you have purchased Unisys securities, you may be entitled to compensation without payment of expenses or costs through a contingency fee arrangement. Law firm Rosen is preparing a class action lawsuit to recover investor losses.

WHAT TO DO NEXT: To participate in the prospective class action lawsuit, go to https://rosenlegal.com/submit-form/?case_id=9648 or call Phillip Kim, Esq. toll free at 866-767-3653 or by email [email protected] or [email protected] for information about the Class Action.

WHAT IS THIS ABOUT: On November 8, 2022, Unisys announced that it was “unable to file its quarterly report on Form 10-Q for the quarter ended September 30, 2022 (the ‘Form 10-Q’).

The Audit and Finance Committee of the Company’s board of directors (the “Audit Committee”) is conducting an internal investigation related to certain disclosure controls and procedural issues, including but not limited to the dissemination and communication of information within certain parts of the organization. The investigations are ongoing. After evaluating the results of the investigation, the company expects that it could identify that there are one or more material weaknesses in its internal control over financial reporting, which may lead to the conclusion that the company’s disclosure controls and processes and internal control are weak financial reporting is not effective.”

The Company also announced that the “Audit Committee is requiring additional time to complete its investigation and that the Company and its independent registered public…