Unity Software, Inc. (U)
Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Unity Software, Inc. (“Unity” or the “Company”) (NYSE: U). Investors who purchased Unity securities are encouraged to obtain additional information and assist the investigation.
The investigation concerns whether Unity and certain of its officers and/or directors have violated federal securities laws.
On May 10, 2022, after the market closed, Unity announced its financial results for the first quarter of 2022. The Company also reduced its fiscal 2022 guidance, citing “challenges with monetization products.” Specifically, Unity stated that “a fault in [Unity’s] platform . . . resulted in reduced accuracy for [its] Audience Pinpointer tool, a revenue expensive issue given that [the] Pinpointer tool experienced significant growth post the IDFA changes.” On this news, Unity’s stock price fell $17.83 per share, or approximately 37%, to close at $30.30 per share on May 11, 2022.
If you are aware of any facts relating to this investigation or purchased Unity shares, you can assist this investigation. You can also contact Peretz Bronstein or his law clerk and client relations manager, Yael Nathanson of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.
Bronstein, Gewirtz & Grossman, LLC represents investors in securities fraud class actions and shareholder derivative suits. The firm has recovered hundreds of millions of dollars for investors nationwide. Attorney advertising. Prior results do not guarantee similar outcomes.