- Uipath, Inc. and LESLIE'S, Inc. face class action lawsuits filed by Bernstein Liebhard LLP for alleged violations of the Securities Exchange Act of 1934.
- Legal battles may have potential ramifications with company stakeholders and the firms' future outlook.
Legal disputes have surfaced monitoring two renowned tech firms, UiPath, Inc., and LESLIE'S, Inc. Both companies are at the center of recent class action lawsuits originated by renowned law firm Bernstein Liebhard LLP, attributing to an alleged violation of the Securities Exchange Act of 1934.
New York-based UiPath, a global provider of Robotic Process Automation (RPA) software, has been alleged for securities violations. The claims were initiated against the company and some key officials on behalf of the investors who acquired or purchased the company's common stock between April 21, 2021, and March 30, 2022.
The RPA software developed by UiPath aids businesses to automate repetitive tasks using robots, thus allowing for human employees to focus on more substantial work. The software yields benefits such as logging into applications, document information extraction, folder movement, form filling, and database updating.
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