 Overview of the DXC Technology Class Action Lawsuit Contact Timothy L. Miles for a free case evaluation in the DSX Technology class action lawsuit The DXC Technology class action lawsuit has been initiated to represent investors who acquired DXC Technology Company (NYSE: DXC) common stock during the period spanning May 26, 2021, to May 16, 2024, inclusive. Officially captioned "Roofers' Pension Fund v. DXC Technology Company," No. 24-cv-01351 (E.D. Va.), the DXC Technology class action lawsuit alleges that DXC Technology and certain of its top executives violated the Securities Exchange Act of 1934 through false or misleading statements and omissions regarding the company's business operations and financial condition. If you have incurred losses due to investments in DXC Technology stock during the specified class period, you may be eligible to participate in the DXC Technology class action lawsuit. To explore your rights as a shareholder and receive a complimentary case evaluation, please contact DXC Technology stock loss lawyer Timothy L. Miles at no cost by calling 855/846-6529, sending an email to [email protected], or filling out an online contact form. It is crucial to note that lead plaintiff motions for the DXC Technology class action lawsuit must be filed with the court no later than October 21, 2024. In this guide, we provide a timeline of events for the duration of a typical securities class action lawsuit like the DXC Technology class action lawsuit, with approximately how long each step takes so you will have a better understanding of the timing of events in the DXC Technology class action lawsuit. LEAD PLAINTIFF APPOINTMENT IN THE DXT TECHNOLOGY CLASS ACTION LAWSUIT: APPROXIMATELY FOUR MONTHS AFTER INITIAL COMPLAINT FILEDWhen a securities class action is filed such as the DXC Technology class action lawsuit, the person who files the first complaint is required to publish a notice announcing the filing. Anyone who wants to be lead plaintiff on behalf of the class in the DXC Technology class action lawsuit must thereafter file a motion to be appointed as lead plaintiff(s) no later than 60 days after the notice was published. At the end of the sixty days, the court can rule on the lead plaintiff’s motion just on the pleading filed with the court, or the judge may set a hearing on the motion for 30–45 days after the sixty-day expiration. If a hearing is held, the judge will issue an order afterwards appointing a lead plaintiff which could be a couple weeks to a couple months. Regardless, the PSLRA states that not later than 90 days after the initial filing and notice the court must consider the lead plaintiff’s motions and must consolidate all the related cases filed before issuing an order on the lead plaintiff. Thus, from the initial filing until a lead plaintiff is appointed, about four months have passed. FILING OF A CONSOLIDATED COMPLAINT: APPROXIMATELY SIX MONTHS AFTER INTIAL FILINGAfter the appointment of lead plaintiff, the court will enter a scheduling order which will include a time, usually about 60 days, for the lead plaintiff to file a consolidated complaint consolidating the allegations all complaints along with any new additional allegations. THE DEFENDANTS MOTION TO DISMISS: DECIDED NEARLY A YEAR AFTER THE INITIAL COMPLAINT WAS FILED If you suffered losses in DXC Technology stock, call Timothy L. Miles today for a free case evaluation In the same scheduling order, the court will also set a time for the defendants to file a motion to dismiss and schedule a briefing and possibly a hearing on the motion once the briefing is completed. The defendants may have 45 to 60 days to file the motion to dismiss and then the briefing schedule is typically around 60 days, and the court will then enter an order either granting or denying the motion to dismiss. Thus, by the time defendants’ motion to dismiss is decided nearly a year has passed since the filing of the original complaint and could be possibly longer given the court’s schedule. COMPLETION OF DISCOVERY: TWO-AND-HALF-YEARS AFTER INITIAL FILINGIf the defendant’s motion to dismiss is denied, the parties will move into the discovery phase including the exchange of documents, request for admissions, interrogatories, depositions, and third-party subpoenas, among others. The discovery phase usually takes about a year, though it can be less or more depending on the size of the case and its complexity. Thus, by the time discovery is completed approximately two-and-a-half years have passed since the initial filing, which is approximately how long it takes a securities class action to resolve. SETTLEMENT NEGOTIATION AND MEDIATION Call us now at no charge to discuss your options in the DXC Technology class action lawsuit By now two-and-a-half to three years have passed since the initial filing of the lawsuit. However, it is at this point that nearly all securities class actions result in a settlement, but that process takes time also. Once the parties have reached an agreement, it will have to be preliminarily approved by the court with notice to shareholders with the right to object, obtain final approval of the settlement, and then the claims process begins. Usually, a third-party administrator is hired to administer the common fund. If the parties have complied with all the steps for approval, the judge will approve the distribution of the settlement fund by the claim’s administrator. You will receive a court-appointed notice and have to send in a claim form confirming your purchases and sales. This process alone can take up to a year and therefore it may be four years until the case is finally resolved. CONTACT DXC Technology STOCK LOSS LAWYER TODAY TIMOTHY L MILES TODAY ABOUT A DXC Technology CLASS ACTION LAWSUITIf you suffered losses in DXC Technology stock, contact DXC Technology stock loss lawyer Timothy L. Miles today for a free case evaluation about a DXC Technology class action lawsuit. Call today and see what a DXC Technology stock loss lawyer could do for you if you suffered losses in DXC Technology stock. This will most likely be the only call you need to make. (855) 846–6529 or [email protected]. The Law Offices of Timothy L. Miles Tapestry at Brentwood Town Center 300 Centerview Dr., #247 Brentwood, TN 37027 Phone: (855) 846–6529 Email: [email protected] DXC Technology stock loss lawyer Timothy L. Miles Nashville attorney Timothy L. Miles is a nationally recognized shareholder rights attorney raised in Nashville, Tennessee. Mr. Miles has dedicated his career to representing shareholders, employees, and consumers in complex class-action litigation. Whether serving as lead, co-lead, or liaison counsel, Mr. Miles has helped recover hundreds of millions of dollars for defrauded investors, shaped precedent-setting decisions, and delivered real corporate governance reforms. Judges and peers have repeatedly recognized Mr. Miles’ relentless advocacy for the underdog, as well as his unbendable ethical standards. Mr. Miles was recently selected by Martindale-Hubbell® and ALM as a 2022 Top Ranked Lawyer, 2022 Top Rated Litigator. and a 2022 Elite Lawyer of the South. Mr. Miles also maintains the AV Preeminent Rating by Martindale-Hubbell®, their highest rating for both legal ability and ethics. Mr. Miles is a member of the prestigious Top 100 Civil Plaintiff Trial Lawyers: The National Trial Lawyers Association,Class Action: Class Action: Top National Trial Lawyers, National Trial Lawyers Association (2023), a superb rated attorney by Avvo, a recipient of the Lifetime Achievement Award by Premier Lawyers of America (2019) and recognized as a Distinguished Lawyer, Recognizing Excellence in Securities Law, by Lawyers of Distinction (2019); a Top Rated Litigator by Martindale-Hubbell® and ALM (2019-2022); America’s Most Honored Lawyers 2020 – Top 1% by America’s Most Honored (2020-2022). Mr. Miles has published over sixty articles on various issues of the law, including class actions, whistleblower cases, products liability, civil procedure, derivative actions, corporate takeover litigation, corporate formation, mass torts, dangerous drugs, and more. Please visit our website or call for free anytime. Comments are closed.
|
Hours |
|
