YORK, Aug. 19, 2022 /PRNewswire/ -- Jakubowitz
Law announces that a securities fraud class action lawsuit has
commenced on behalf of shareholders of Unity Software Inc. (NYSE:
To receive updates on the lawsuit, fill out
The lawsuit seeks to recover losses for shareholders who
purchased Unity between March 5, 2021
and May 10, 2022.
Shareholders interested in acting as a lead plaintiff
representing the class of wronged shareholders have until
September 6, 2022 to petition
the court. Your ability to share in any recovery doesn't require
that you serve as a lead plaintiff.
According to a filed complaint, Unity Software Inc. issued
materially false and/or misleading statements and/or failed to
disclose that: (i) deficiencies in Unity's product platform reduced
the accuracy of the Company's machine learning technology; (ii) the
foregoing was likely to have a material negative impact on the
Company's revenues; (iii) accordingly, Unity had overstated the
Company's commercial and/or financial prospects for 2022; (iv) as a
result, the Company was likely to have to reduce its fiscal 2022
guidance; and (v) as a result, the Company's public statements were
materially false and misleading at all relevant times.
Jakubowitz Law is vigorous in pursuit of justice for
shareholders who have been the victim of securities fraud. Attorney
advertising. Prior results do not guarantee similar outcomes.
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SOURCE Jakubowitz Law