BFA was appointed as Lead Counsel for the putative class on September 5, 2024.
Plaintiffs allege that, from December 1, 2023 to May 29, 2024, UiPath, Inc. and its senior management made materially false and misleading statements regarding the success of the Company’s 2022 turnaround strategy designed to accelerate growth. The turnaround strategy included overhauling the company’s go-to-market sales strategy to focus on executing valuable, multi-year contracts with UiPath’s largest customers. During the Class Period, Defendants made false and misleading statements touting the results of that turnaround strategy, including that UiPath was executing against this strategy, resulting in improved deal quality and customer quality. These statements were false and misleading because, in truth, UiPath had, internally, changed incentives away from the types of lucrative multi-year deals that the Company prized, resulting in fewer multi-year deals and customers either declining to renew their contracts or materially reducing the size of their contracts. Plaintiffs allege violations of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.
BFA filed a Second Amended Complaint on September 12, 2025. Defendants’ motion to dismiss will be fully briefed as of January 22, 2026.
