Shareholders Foundation Announces Investigation into DXC Technology
Shareholders Foundation, Inc. has initiated an investigation on behalf of current long-term investors in DXC Technology Company (NYSE: DXC) shares. The investigation concerns potential breaches of fiduciary duties by certain directors and officers of DXC Technology Company.
Investors who currently hold DXC Technology Company (NYSE: DXC) shares have options and are encouraged to contact the Shareholders Foundation for further information.
The investigation follows a lawsuit filed against DXC Technology Company alleging violations of securities laws. The complaint, filed in the U.S. District Court for the Eastern District of Virginia, claims the company misrepresented its ongoing “transformation journey” and its ability to integrate previously acquired companies.
The complaint further alleges that DXC Technology Company was only able to reduce restructuring costs by limiting integration efforts. The plaintiffs allege that, as a result of these misrepresentations, shares of DXC common stock traded at artificially inflated prices between May 26, 2021, and May 16, 2024.
Shareholders who purchased shares of DXC Technology Company (NYSE: DXC) are advised to contact the Shareholders Foundation at mail@shareholdersfoundation.com or by calling +1-(858)-779-1554.
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service and an investor advocacy group that researches shareholder issues. They also inform investors of securities lawsuits, settlements, judgments, and other financial market-related news. It is important to note that Shareholders Foundation, Inc. is not a law firm and does not initiate legal action itself.
