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DXC LAWSUIT ALERT: The Gross Law Firm Notifies DXC Technology Company Investors of a Class Action Lawsuit and Upcoming Deadline
DXC TechnologyDXC Technology(US:DXC) Prnewswireยท2024-08-26 09:45

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].