Core Viewpoint - A class action securities lawsuit has been filed against DXC Technology, alleging securities fraud that affected investors between May 26, 2021, and May 16, 2024 [1][2]. Group 1: Allegations of Fraud - The lawsuit claims that DXC Technology misrepresented its "transformation journey" and its ability to integrate acquired companies and business systems [2]. - It is alleged that the company reduced costs by deferring restructuring and integration expenses rather than genuinely cutting them [2]. - Despite claims of successful integration and cost reduction, the defendants reportedly knew or recklessly disregarded that actual integration efforts were limited [2]. Group 2: Legal Process and Participation - Investors who suffered losses during the specified timeframe have until October 1, 2024, to request appointment as lead plaintiff, although participation in any recovery does not require this [3]. - Class members may be entitled to compensation without any out-of-pocket costs or fees, and there is no obligation to participate [3]. Group 3: Firm Background - Levi & Korsinsky has a history of securing hundreds of millions of dollars for shareholders and is recognized as one of the top securities litigation firms in the United States [4].
DXC Technology Company Sued for Securities Law Violations - Contact Levi & Korsinsky Before October 1, 2024 to Discuss Your Rights – DXC