DXC Technology Class Action Lawsuit: 6 Frequently Asked Questions

INTRODUCTION TO THE DXC TECHNOLOGY CLASs ACTION LAWSUIT

Call us now at no charge to discuss your options in the DXC Technology class action lawsuit

The DXC Technology class action lawsuit seeks to represent purchasers or acquirers of DXC Technology Company (NYSE: DXC) publicly traded securities between May 26, 2021 and May 16, 2024, inclusive (the “Class Period).  Captioned Roofers’ Pension Fund v. DXC Technology Company, No. 24-cv-01351 (E.D. Va.), the DXC Technology class action lawsuit charges DXC Technology and certain of DXC Technology’s top current and former executives with violations of the Securities Exchange Act of 1934.

If you have suffered losses in DXC Technology stock and are interested in becoming the lead plaintiff in the DXC Technology lawsuit or have any inquiries regarding your rights as a shareholder, please reach out to DXC Technology Stock Loss Lawyer Timothy L. Miles at no cost.  You can contact him by calling 855/846-6529, sending an e-mail to [email protected], or filling out a contact form. 

---

what are the allegations in the DXC Technology CLASS ACTION lawsuit?

​The DXC Technology class action lawsuit contends that the defendants made false and misleading statements or failed to disclose crucial information about the company's business, operations, and financial condition during the Class Period. Specifically, the complaint alleges that DXC Technology:

• Misrepresented its progress in implementing a company-wide "transformation" by understating the true extent of restructuring, transaction, separation, and integration costs during the Class Period.
• Deferred costs that the company would ultimately need to incur to successfully complete the restructuring process, contrary to claims of effectively addressing these challenges.

what is THE LEAD PLAINTIFF DEADLINE IN THE CLASS ACTION against DXC Technology?

​​Lead plaintiff motions for the DXC Technology class action lawsuit ​must be filed with the court no later than October 1, 2024.​ When a securities class action is filed such as the DXC Technology class action lawsuit:

1. The person who files the first complaint is required to publish a notice announcing the filing.
2. Anyone who wants to be lead plaintiff on behalf of the class must thereafter file a motion to be appointed as lead plaintiff(s) no later than 60 days after the notice was published. 

what is THE LEAD PLAINTIFF PROCESS IN THE DXC Technology class action LAWSUIT?

​Under the Private Securities Litigation Reform Act of 1995 (PSLRA):

• Any investor who purchased and suffered losses in DXC Technology stock may seek appointment as lead plaintiff in the DXC Technology class action lawsuit.
• A lead plaintiff is generally the movant with the greatest financial interest in the relief sought by the putative class who is also typical and adequate of the putative class. 
• A lead plaintiff acts on behalf of all other class members in directing the class action lawsuit.
• The lead plaintiff can select a law firm of its choice to litigate the securities class action lawsuit. 
• An investor’s ability to share in any potential future recovery of the class action lawsuit is not dependent upon serving as lead plaintiff. 

what are THE BENEFITS OF SERVING AS A LEAD PLAINTIFF IN THE DXC Technology CLASS ACTION LAWSUIT?

1. ​Negotiating more competitive attorney fees and reducing litigation costs.
2. Managing the litigation by overseeing the progress of the case and reviewing important filings.
3. Participating in mediation and settlement discussions.
4. Having a voice in decision-making processes regarding the settlement.
5. No financial risk, as lead counsel covers all costs and expenses and are paid only if they secure a  settlement or judgment recovery for the class
6. Potentially enjoying long-term benefits from governance reform resulting from the litigation.

what are THE RESPONSIBILITIES THE LEAD PLAINTIFF WILL HAVE IN THE DXC Technology CLASS ACTION LAWSUIT?

1. ​Selecting, monitoring, and overseeing Lead Counsel.
2. Reviewing and commenting on court filings on behalf of the class.
3. Discussing litigation strategies with the Lead Counsel.
4. Attending depositions (if necessary) and giving a deposition.
5. Attending hearings (if necessary).
6. Participating in mediation and the trial (if necessary).
7. Provide input on any decision concerning the settlement of the securities class action.

what is the ELIGIBILITY CRITERIA FOR LEAD PLAINTIFF APPOINTMENT IN THE DXC Technology CLASS ACTION LAWSUIT?

​To be eligible for appointment as the lead plaintiff in the DXC Technology class action lawsuit, an investor must meet the following criteria:

1. Securities Acquisition: The investor must have purchased or acquired DXC securities during the Class Period, spanning May 26, 2021, to May 16, 2024.
2. Financial Losses: The investor must have suffered financial losses as a direct result of the alleged securities fraud perpetrated by DXC and its executives.
3. Typicality and Adequacy: The investor's legal claims must be typical of those asserted on behalf of the class, and they must demonstrate their ability to adequately represent the interests of the entire class through experience, resources, and the absence of conflicts of interest.

It is crucial to note that both domestic and international investors who meet these criteria are eligible to seek appointment as the lead plaintiff in the DXC Technology class action lawsuit, as courts have consistently recognized the rights of non-U.S. investors in securities class actions.

Click To Add Text