UNITY ALERT: Bragar Eagel & Squire, P.C. is Investigating Unity Software, Inc. on Behalf of Unity Stockholders and Encourages Investors to Contact the Firm
Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, is investigating potential claims against Unity Software, Inc. ("Unity" or the "Company") (NYSE: U) on behalf of Unity stockholders. Our investigation concerns whether Unity has violated the federal securities laws and/or engaged in other unlawful business practices.
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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 fiscal2022 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 shares and suffered a loss, are a long-term stockholder, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Brandon Walker or Melissa Fortunato by email at [email protected], by telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you.