DXC Technology(DXC) GlobeNewswire News Room·2025-01-03 02:00Legal Investigation - Bragar Eagel & Squire, P C is investigating potential claims against DXC Technology Company on behalf of long-term stockholders following a class action complaint filed on August 2, 2024 [1] - The investigation concerns whether the board of directors of DXC breached their fiduciary duties to the company [1] Allegations Against DXC - The complaint alleges that DXC misrepresented its ongoing "transformation journey" and its ability to integrate previously acquired companies and business systems during the Class Period from May 26, 2021, to May 16, 2024 [2] - DXC allegedly stressed its commitment to reducing restructuring and TSI costs to increase free cashflow and "unleash true earnings power," but in reality, the company limited its integration efforts to reduce these costs [2] - As a result of the alleged misrepresentations, DXC common stock traded at artificially inflated prices during the Class Period [2] - DXC announced it would need to spend an additional $250 million to achieve the restructuring and integration process it claimed to have been successfully implementing, causing the stock price to decline nearly 17% from $19 88 to $16 52 per share [2] Contact Information - Long-term stockholders of DXC can contact Brandon Walker or Marion Passmore at Bragar Eagel & Squire, P C for more information about the claims or their rights and interests [3] - The contact details include email (investigations@bespc com), telephone (212 355-4648), and a contact form on the firm's website [3][5] About Bragar Eagel & Squire, P C - Bragar Eagel & Squire, P C is a nationally recognized law firm with offices in New York, California, and South Carolina [4] - The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country [4]