ClaimsFiler, a shareholder rights law firm, has reminded investors of the upcoming deadline to file a lead plaintiff motion in the securities class action lawsuit against DXC Technology Company. The lawsuit, filed in the United States District Court for the Northern District of California, alleges that DXC made false and/or misleading statements and/or failed to disclose important information regarding its business and operations.
Investors who purchased DXC Technology Company securities between August 8, 2019, and November 6, 2019, have until May 25, 2020, to seek to be appointed as lead plaintiff. It is alleged that DXC inflated its revenue and growth metrics through improper accounting methods and failed to disclose the substantial risks and uncertainties associated with its business.
The lawsuit claims that DXC’s financial position has deteriorated due to undisclosed problems in its Digital Transformation segment, leading to a massive goodwill impairment charge and a significant drop in its stock price. This resulted in substantial losses for investors who purchased DXC securities during the class period.
ClaimsFiler is urging investors who suffered losses in DXC Technology Company to contact the firm to discuss their legal rights. The firm specializes in securities class action lawsuits and shareholder rights litigation and provides free case evaluations to investors.
DXC Technology Company shareholders who wish to participate in the lawsuit can seek more information by visiting the ClaimsFiler website or contacting the firm directly. By seeking to be appointed as lead plaintiff, investors have the opportunity to oversee the lawsuit and potentially recover losses incurred as a result of alleged misconduct by DXC Technology Company.
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