The Shareholders Foundation, Inc. announced that a deadline is coming up on October 1, 2024 in the lawsuit that was filed for certain investors who purchased shares of DXC Technology Company (NYSE: DXC). Investors in NYSE: DXC shares should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 – 1554
The Shareholders Foundation, Inc. announced that a deadline is coming up on October 1, 2024 in the lawsuit that was filed for certain investors who purchased shares of DXC Technology Company (NYSE: DXC).
Investors, who purchased shares in excess of $100,000 of DXC Technology Company (NYSE: DXC) between May 26, 2021 and May 16, 2024, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 – 1554.
On December 20, 2023, DXC announced that sudden departure of its CEO and Chairman of the Board.
Then, on May 16, 2024, DXC’s new CEO stated that “the previous restructurings did not set a real, clean, solid, fully integrated baseline for profitable growth” because the systems that were acquired over time were “never integrated, never deduped,” and admitted that the Company was “not [a] fully functional organization.”
On August 02, 2024, an investor in NYSE: DXC shares filed a lawsuit against DXC Technology Company over alleged violations of securities laws. The plaintiff alleges that the Company misrepresented its ongoing “transformation journey” and the Company’s ability to integrate previously acquired companies and business systems and that Defendants knew or recklessly disregarded that the Company was only able to reduce its restructuring and TSI costs by limiting its integration efforts. The Complaint further alleges that as a result of Defendants’ misrepresentations, shares of DXC common stock traded at artificially inflated prices between May 26, 2021 and May 16, 2024.
Those who purchased DXC Technology Company (NYSE: DXC) shares should contact the Shareholders Foundation, Inc.
CONTACT:
Shareholders Foundation, Inc.
Michael Daniels
+1 (858) 779-1554
mail@shareholdersfoundation.com
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. Any referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is only provided as a public service. It is not intended as legal advice and should not be relied upon.
Contact Information
Michael Daniels
Manager
mail@shareholdersfoundation.com
858-779-1554
SOURCE: Shareholders Foundation, Inc.