NEW YORK, Jan. 02, 2025 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against DXC Technology Company (NYSE:DXC) on behalf of long-term stockholders following a class action complaint that was filed against DXC on August 2, 2024 with a Class Period from May 26, 2021, to May 16, 2024. Our investigation concerns whether the board of directors of DXC have breached their fiduciary duties to the company.
The complaint alleges throughout the Class Period, the Company misrepresented its ongoing "transformation journey" and the Company's ability to integrate previously acquired companies and business systems. The complaint continues to allege that while touting its ongoing success in implementing that integration, DXC repeatedly stressed its commitment to reducing the Company's restructuring and transaction, separation, and integration ("TSI") costs in order to increase its free cashflow and "unleash [its] true earnings power." The complaint alleges that in truth, Defendants knew or recklessly disregarded that the Company was only able to reduce its restructuring and TSI costs by limiting its integration efforts. As a result of Defendants' alleged misrepresentations, shares of DXC common stock traded at artificially inflated prices throughout the Class Period. DXC also announced it would need to spend an additional $250 million to achieve the restructuring and integration process it claimed to have been successfully implementing during the Class Period. These disclosures caused the price of DXC common stock to decline nearly 17%, from $19.88 per share to $16.52 per share.
If you are a long-term stockholder of DXC, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Brandon Walker or Marion Passmore by email at investigations@bespc.com, by telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you.
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. The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country. For more information about the firm, please visit www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes.
Contact Information:
Bragar Eagel & Squire, P.C.
Brandon Walker, Esq.
Marion Passmore, Esq.
(212) 355-4648
investigations@bespc.com
www.bespc.com
