Investors Urged to Inquire About UiPath Class Action

Philadelphia, Pennsylvania—A securities fraud class action lawsuit has been initiated against UiPath, Inc. (NYSE: PATH) by Berger Montague PC, representing investors who purchased UiPath securities between December 1, 2023, and May 29, 2024. Investors interested in participating in the lawsuit must act by August 19, 2024, to be considered for the role of lead plaintiff, which involves directing the litigation on behalf of the class. The lawsuit follows a significant drop in UiPath's stock price, which fell over 34% after the unexpected resignation of CEO Robert Enslin on May 29, 2024. The stock plummeted from $18.30 to $12.07 per share within a day, raising concerns among investors about the company's stability and future prospects, particularly as it seeks to integrate AI technology into its offerings. Potential lead plaintiffs are typically those with the largest financial stake in the case and must be representative of the broader class of investors. They will select legal counsel to represent them, although participation in the lawsuit does not require individuals to serve as lead plaintiffs. Investors can choose to remain inactive while still being eligible for any recovery from the case. For more information on how to participate in the lawsuit, investors can contact Berger Montague directly through provided email addresses or phone numbers. The firm emphasizes that communication with counsel is not necessary to share in any potential recovery from the litigation.