LOS ANGELES–(BUSINESS WIRE)–The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Unity Software Inc. (“Unity” or “the Company”) (NYSE: U) for violations of the securities laws.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Unity’s Pinpointer ad system did not use data from Apple, instead relying on data from end user engagement and platform performance, which resulted in customers reducing their ad spend because of inaccuracies. The Company did not disclose that it had to pull engineers off of other projects to fix weaknesses in the Pinpointer product, resulting in delays to the Company’s other projects and products.
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The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
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