NEW ORLEANS, Aug. 13, 2024 (GLOBE NEWSWIRE) — Kahn Swick & Foti, LLC (“KSF”) and KSF partner and former Louisiana Attorney General Charles C. Foti, Jr. remind 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 United States District Court for the Eastern District of Virginia.
What you can do
If you purchased DXC shares and would like to discuss your legal rights, how this litigation may affect you, and your right to recover financial losses, please contact Lewis Kahn, Managing Partner at KSF, toll-free at 1-877-515-1850 or by email at [email protected], without obligation or cost, or visit https://www.ksfcounsel.com/cases/nyse-dxc/ for more information. If you wish to serve as lead plaintiff in this class action, you must petition the Court by October 1, 2024.
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.
About Kahn Swick & Foti, LLC
KSF is a leading national boutique securities litigation law firm with former Louisiana Attorney General Charles C. Foti, Jr. as a partner. KSF serves a variety of clients, including public institutional investors, hedge funds, asset managers and individual investors, seeking to recover investment losses resulting from corporate fraud and misconduct by publicly traded companies. KSF has offices in New York, Delaware, California, Louisiana and New Jersey.
For more information about KSF, visit www.ksfcounsel.com.
contact:
Kahn, Swick & Foti LLC
Louis Kahn, Managing Partner
[email protected]
1-877-515-1850
1100 Poydras Street, Suite 960
New Orleans, Louisiana 70163
