DXC Technology(US:DXC) Prnewswireยท2024-09-30 09:45Core 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: Allegations and Class Action Details - The complaint alleges that DXC Technology misrepresented 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]. - The lawsuit highlights that despite claims of successful integration and cost reduction, the company was only able to limit costs by restricting its integration efforts [1]. Group 2: Shareholder Actions and Deadlines - 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]. - Once registered, shareholders will receive updates through a portfolio monitoring software regarding the case's progress [2]. - Participation in the case incurs no cost or obligation for the shareholders [2]. Group 3: Law Firm Background - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting investors' rights against deceit and illegal business practices [3]. - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors affected by misleading statements that inflate stock prices [3].