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Kirby McInerney LLP Announces an Investigation of Shareholder Claims on Behalf of Unity Software Inc. (U) InvestorsThe law firm of Kirby McInerney LLP is investigating potential claims against Unity Software Inc. ("Unity" or the "Company") (NYSE: U). The investigation concerns whether Unity has violated the federal securities laws and/or engaged in other unlawful business practices. Unity is a video game software development company. On May 10, 2022, after the market closed, Unity announced its first quarter 2022 financial results. The Company also reduced its fiscal 2022 guidance "due to challenges with monetization products." Specifically, "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, the price of Unity stock declined by $17.83 per share, or approximately 37%, from $48.13 per share to close at $30.30 per share on May 11, 2022. If you purchased or otherwise acquired Unity securities, hae information, or would like to learn more about this investigation, please contact Thomas W. Elrod of Kirby McInerney LLP by email at [email protected], or by filling out this contact form, to discuss your rights or interests with respect to these matters without any cost to you. Kirby McInerney LLP is a New York-based plaintiffs' law firm concentrating in securities, antitrust, whistleblower, and consumer litigation. The firm's efforts on behalf of shareholders in securities litigation have resulted in recoveries totaling billions of dollars. Additional information about the firm can be found at Kirby McInerney LLP's website: http://www.kmllp.com. This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
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