The Gross Law Firm notifies investors that a class action has commenced in the United States District Court for the Eastern District of Virginia on behalf of shareholders of DXC Technology Company who purchased common stock between May 26, 2021 and May 16, 2024.
The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: 1) the Company had misrepresented its ongoing “transformation journey” and its ability to integrate previously acquired companies and business systems.; 2) DXC had reduced costs such as restructuring and integration by merely deferring them; and 3) despite touting its ongoing success in implementing that integration and repeatedly stressing its commitment to reducing costs, defendants knew or recklessly disregarded that the Company was only able to reduce its restructuring and TSI costs by limiting its integration efforts.
If you wish to choose counsel to represent you and the class, you must apply to be appointed lead plaintiff and be selected by the Court. The lead plaintiff will direct the litigation and participate in important decisions including whether to accept a settlement for the class in the action. The lead plaintiff will be selected from among applicants claiming the largest loss from investment in the respective securities during the class periods. Members of the class will be represented by the lead plaintiff and counsel chosen by the lead plaintiff. No class has yet been certified in the above action. Appointment as Lead Plaintiff is not required to partake in any recovery.
Shareholders have until October 1, 2024 to request that the court appoint them lead plaintiff.
To receive more information, please fill out the form.
