SHAREHOLDER ALERT: Levi & Korsinsky, LLP Reminds Shareholders of Unilife Corporation of Commencement of a Class Action Lawsuit and a Lead Plaintiff Deadline of July 25, 2016 – UNIS

NEW YORK, July 18, 2016 (GLOBE NEWSWIRE) -- The following statement is being issued by Levi & Korsinsky, LLP:

To: All persons or entities who purchased or otherwise acquired securities of Unilife Corporation ("Unilife" or the "Company") UNIS between February 3, 2014 and May 23, 2016. You are hereby notified that a securities class action has commenced in the USDC for the Southern District of New York. To get more information go to: http://www.zlk.com/pslra/unilife. 

The complaint alleges that, throughout the Class Period, Defendants made false and/or misleading statements and/or failed to disclose: (1) that the Company's former CEO and former Chairman of the Board of Directors had violated the Company's policies and procedures and had engaged in violations of law and regulation; (2) that the Company lacked adequate internal controls over accounting and financial reporting; (3) that, as a result of the aforementioned, the Company would be unable to file its Quarterly Report on Form 10-Q for the period ended March 31, 2016 by the filing deadline; and (4) that, as a result of the foregoing, the Company's financial statements, as well as Defendants' statements about Unilife's business, operations, and prospects, were false and misleading and/or lacked a reasonable basis.

If you suffered a loss in Unilife you have until July 25, 2016 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff. To obtain additional information, contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://www.zlk.com/pslra/unilife. 

Levi & Korsinsky is a national firm with offices in New York, New Jersey, California, Connecticut, and Washington D.C. The firm's attorneys have extensive experience representing investors in securities litigation involving financial fraud, and have recovered hundreds of millions of dollars for aggrieved shareholders. Attorney advertising. Prior results do not guarantee similar outcomes.