Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of DXC Technology Company regarding a class action lawsuit alleging misleading statements and failure to disclose critical information during the class period from May 26, 2021, to May 16, 2024 [1]. Group 1 - The allegations against DXC Technology include misrepresentation of its "transformation journey" and its ability to integrate acquired companies and business systems [1]. - It is claimed that DXC reduced costs by deferring restructuring and integration expenses rather than genuinely implementing cost-saving measures [1]. - Despite claims of successful integration and cost reduction, the defendants allegedly knew that the company was only able to limit costs by restricting integration efforts [1]. Group 2 - Shareholders who purchased DXC shares during the specified class period are encouraged to register for the class action, with a deadline of October 1, 2024, to seek lead plaintiff status [2]. - Registered shareholders will receive updates through a portfolio monitoring software throughout the lifecycle of the case, with no cost or obligation to participate [2]. Group 3 - The Gross Law Firm is recognized nationally for its commitment to protecting investors' rights and ensuring companies adhere to responsible business practices [3]. - The firm aims to recover losses for investors caused by false or misleading statements that led to artificial inflation of stock prices [3].

Core Viewpoint - Rosen Law Firm is reminding purchasers of DXC Technology Company common stock about the upcoming lead plaintiff deadline for a class action lawsuit, indicating potential compensation for affected investors [1][2]. Group 1: Class Action Details - The class action pertains to DXC common stock purchases made between May 26, 2021, and May 16, 2024, with a lead plaintiff deadline set for October 1, 2024 [1]. - Investors who purchased DXC stock during the specified period may be eligible for compensation without incurring out-of-pocket fees through a contingency fee arrangement [1]. Group 2: Legal Representation - Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a proven track record in securities class actions, highlighting their own success in this area [3]. - The firm has achieved significant settlements, including the largest securities class action settlement against a Chinese company, and has consistently ranked highly in terms of settlements since 2013 [3]. Group 3: Case Allegations - The lawsuit alleges that during the class period, DXC's management made materially false and misleading statements regarding the company's ability to integrate acquired businesses and reduce restructuring costs [4]. - These misrepresentations led to DXC's stock being traded at artificially inflated prices, resulting in investor damages when the true information became public [4].

Core Viewpoint - A class action has been filed against DXC Technology Company, alleging that the company misled investors regarding its operations and financial health during the period from May 26, 2021, to May 16, 2024 [1][2]. Allegations - The complaint claims that DXC misrepresented its "transformation journey" and its ability to integrate acquired companies, while falsely asserting success in reducing restructuring and transaction costs to enhance free cash flow [2]. - It is alleged that the company was only able to reduce costs by limiting integration efforts, contrary to its public statements [2]. Financial Performance - On August 3, 2022, DXC reported disappointing first-quarter results, leading to a 17% decline in stock price from $31.52 to $26.15, attributed to slower-than-expected cost optimization efforts [3]. - On May 16, 2024, the CEO admitted that previous restructurings failed to create a solid foundation for growth, revealing that acquired systems were never fully integrated. This led to an additional $250 million needed for restructuring, causing the stock price to drop nearly 17% from $19.88 to $16.52 [4]. Class Action Participation - Shareholders may be eligible to participate in the class action against DXC Technology Company, with options to serve as lead plaintiff or remain an absent class member [5].

NEW YORK, Aug. 22, 2024 (GLOBE NEWSWIRE) -- Levi & Korsinsky, LLP notifies investors in DXC Technology Company ("DXC Technology" or the "Company") (NYSE: DXC) of a class action securities lawsuit. CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of DXC Technology investors who were adversely affected by alleged securities fraud between May 26, 2021 and May 16, 2024. Follow the link below to get more information and be contacted by a member of our team: https://zlk.com/pslra-1/dxc-technology-l ...

NEW YORK, Aug. 22, 2024 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of DXC Technology Company (NYSE: DXC). Shareholders who purchased shares of DXC during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery. CONTACT US HERE: https://securitiesclasslaw.com/securities/dxc-technology-loss-submission-form/?id=97077&from=4 CLASS PERIOD: May 26, 2021 to ...

NEW ORLEANS, Aug. 21, 2024 (GLOBE NEWSWIRE) -- ClaimsFiler, a FREE shareholder information service, reminds investors that they have until October 1, 2024 to file lead plaintiff applications in a securities class action lawsuit against DXC Technology Company (NYSE: DXC), if they purchased the Company's shares between May 26, 2021, and May 16, 2024, inclusive (the "Class Period"). This action is pending in the United States District Court for the Eastern District of Virginia. Get Help DXC investors should vi ...

NEW YORK, Aug. 21, 2024 (GLOBE NEWSWIRE) -- The Gross Law Firm issues the following notice to shareholders of DXC Technology Company (NYSE: DXC). Shareholders who purchased shares of DXC during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery. CONTACT US HERE: https://securitiesclasslaw.com/securities/dxc-technology-loss-submission-form/?id=96741&from=3 CLASS PERIOD: May 26, 2021 ...

NEW YORK, Aug. 19, 2024 (GLOBE NEWSWIRE) -- Levi & Korsinsky, LLP notifies investors in DXC Technology Company ("DXC Technology" or the "Company") (NYSE: DXC) of a class action securities lawsuit. CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of DXC Technology investors who were adversely affected by alleged securities fraud between May 26, 2021 and May 16, 2024. Follow the link below to get more information and be contacted by a member of our team: https://zlk.com/pslra-1/dxc-technology-l ...

Core Viewpoint - The article discusses a class action lawsuit against DXC Technology Company, highlighting significant stock price declines due to disappointing financial results and management issues, with a deadline for investors to file a lead plaintiff motion by October 1, 2024 [1][8]. Financial Performance - On August 3, 2022, DXC reported disappointing financial results for Q1 FY2023, leading to a stock price drop of $5.37, or 17%, closing at $26.15 per share [3]. - Following the announcement of the CEO's sudden departure on December 20, 2023, DXC's stock fell by $3.04, or 12.1%, to close at $21.99 per share [4]. - On May 16, 2024, the new CEO revealed that previous restructuring efforts were inadequate, requiring an additional $250 million for proper integration, resulting in a stock price decline of $3.36, or 16.9%, to close at $16.52 per share [5]. Allegations in Class Action - The class action complaint alleges that during the Class Period, DXC's management made materially false and misleading statements and failed to disclose adverse facts about the company's operations and prospects [6]. - Specifically, it is claimed that the company deferred necessary costs related to restructuring and transformation, misleading investors about the company's true financial health [6].

ASHBURN, Va., Aug. 19, 2024 /PRNewswire/ - DXC Technology (NYSE: DXC), a leading global technology services provider, has been awarded on the Forbes list of the World's Best Management Consulting Firms 2024. This prestigious award is presented by Forbes and Statista Inc., the leading statistics portal and industry ranking provider. The award list was announced on August 13th, 2024, and can be viewed on the Forbes website. Consulting is considered to be one of the most advanced areas in the professional serv ...