FOX & KILSHEIMER LLP FILES CLASS ACTION AGAINST UNISYS CORPORATION
NEW YORK -- November 12, 1999--Kaplan Fox & Kilsheimer LLP has filed a Class Action lawsuit against Unisys Corporation ("Unisys'" or the "Company")
(NYSE: UIS) and certain of its officers and directors in the United States District Court for the Eastern District of Pennsylvania. The suit is brought on behalf of all persons or entities who purchased or
acquired the common stock of Unisys between May 4, 1999 and October 14, 1999, inclusive (the "Class Period") and who sustained damages as a result of those purchases, including all shareholders of preferred
stock who converted that preferred stock to common stock during the Class Period.
The Complaint charges Unisys and certain officers and directors with violations of the securities laws and regulations of the United
States. The complaint alleges, among other things, that during the Class Period, the defendants knowingly or recklessly made misrepresentations and/or omissions of material facts. Specifically, during the Class Period,
defendants boasted to investors of several very large contracts, including one with British Telecommunications and another with the United States government, while omitting to explain that these contracts were subject
to contingencies, which meant that they would not produce revenue in upcoming quarters and might not produce revenue in later periods. As a result of defendants' wrongful conduct, the price of Unisys common stock
traded at artificially inflated levels.
Plaintiff seeks to recover damages on behalf of the Class and is represented by Kaplan Fox & Kilsheimer LLP, which has many years of experience in prosecuting
investor class actions and actions involving financial fraud, and Bruce G. Murphy, Esq.
If you are a member of the Class, you may move the court, no later than 60 days from today to serve as a lead plaintiff
for the class. In order to serve as a lead plaintiff, you must meet certain legal requirements.
To ensure that your name will be included in a list of class members or, if you have any
questions concerning this Notice, the action, or your rights, please visit our website at www.KaplanFox.com
or e-mail us at mail@KaplanFox.com or call us toll free at 800-290-1952 contact:
Fred S. Fox, Esq.
Christine M. Comas, Esq.
Hae Sung Nam, Esq.
Kaplan Fox & Kilsheimer LLP
Fax: (212) 687-7714
E-mail address: mail@KaplanFox.com
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