NEW YORK, NY / ACCESSWIRE / April 24, 2015 / Pomerantz LLP is investigating claims on behalf of investors of Unisys Corporation ("Unisys" or the "Company") (NYSE: UIS). Such investors are advised to contact Robert S. Willoughby at rswilloughby@pomlaw.com or 888-476-6529, ext. 237.
The investigation concerns whether Unisys and certain of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.
On April 23, 2015, the Company announced in a Securities and Exchange Commission ("SEC") filing "that it expects to recognize a pretax restructuring charge currently estimated at approximately $300 million over the next several quarters. The charge, which is principally related to headcount reductions, also includes a reduction in the Company's facilities footprint, asset write- downs and other expenses related to the cost reduction efforts. As a result of these actions, the Company expects to reduce its worldwide headcount by approximately 8%."
On this news, shares of Unisys fell $1.92 per share, to $21.63, or more than 8.15%, on April 24, 2015.
The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Florida, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 70 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.
SOURCE: Pomerantz LLP
