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Securities

Aug. 19, 2022

Unity Software hires MoFo to defend securities class action

The complaint, filed in San Francisco on July 6, alleges the software maker hid deficiencies in its product platform, including a tool called Audience Pinpointer, which chooses ads to display based on user behavior.

Morrison & Foerster LLP will defend Unity Software Inc. against a securities class action alleging that the company overstated the effectiveness of an advertisement planning tool, which affected revenue and caused a stock drop.

The complaint, filed in San Francisco on July 6, alleges the software maker hid deficiencies in its product platform, including a tool called Audience Pinpointer, which chooses ads to display based on user behav...

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