NEW ORLEANS, Aug. 21, 2024 (GLOBE NEWSWIRE) — ClaimsFiler, a free shareholder information service, reminds investors that if you purchased DXC Technology Corp. (NYSE: DXC) shares between May 26, 2021 and May 16, 2024 (inclusive, the “Class Period”), you have until October 1, 2024 to file a lead plaintiff application in a securities class action lawsuit against the company. The case is pending in the U.S. District Court for the Eastern District of Virginia.
Get help
DXC investors should visit https://claimsfiler.com/cases/nyse-dxc/ or call toll-free at (844) 367-9658 and an attorney from Kahn Swick & Foti, LLC can discuss your legal options.
About the lawsuit
DXC and certain of its executives are charged with violating federal securities laws by failing to disclose material information during the Class Period.
On May 16, 2024, the company released its fourth quarter and full year 2024 financial results, disclosing that “previous restructurings did not set a realistic, clear, solid and fully integrated baseline for profitable growth” and that the company was committed to a “true reset” from the “bottom up,” requiring an additional $250 million in increased restructuring charges.
Following this news, the price of DXC shares fell $3.36 per share, or approximately 17%, from a closing price of $19.88 per share on May 16, 2024 to a closing price of $16.52 per share on May 17, 2024.
The case is Roofers' Pension Fund v. DXC Technology Company, Case No. 24-cv-1351.
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ClaimsFiler has one mission: to be the go-to source for individual investors to help recover their share of billions of dollars from securities class action settlements. At ClaimsFiler.com, investors can (1) register for free to access a variety of securities class action information and settlement websites and timely file their claims; (2) upload their portfolio trading data to be notified of relevant securities lawsuits in which they may have a financial interest; and (3) contact the law firm of Kahn Swick & Foti, LLC to receive a free case evaluation.
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