Energy News / Shareholders Foundation, Inc.

NYSE: DXC Shareholder Notice: Deadline on November 15, 2019 in Lawsuit Against DXC Technology Company

Via: ReleaseWire

Updated 10:14 AM CDT, Tue, October 29,2019

A Deadline is coming up on November 15, 2019 in the lawsuit for certain investors in DXC Technology Company (NYSE: DXC) and NYSE: DXC stockholders should contact the Shareholders Foundation.

San Diego, CA -- (SBWIRE) -- 10/29/2019 -- The Shareholders Foundation announced that a deadline is coming up on November 15, 2019 in the lawsuit filed for certain investors in NYSE: DXC shares over alleged securities laws violations by DXC Technology Company.

Investors who purchased shares of DXC Technology Company (NYSE: DXC) have certain options and there are strict and short deadlines running. Deadline: November 15, 2019. NYSE: DXC stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The plaintiff alleges on behalf of purchasers of DXC Technology Company (NYSE: DXC) shares, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that the Defendants failed to disclose to investors that the planned "workforce optimization" plan involved implementing arbitrary quotas, that the plan would cut thousands of jobs at the Company, that jobs that were particularly at risk of being cut were held by longer-tenured, knowledgeable, and highly compensated senior personnel, that these job terminations were selectively timed to artificially inflate reported earnings and other financial metrics, that, at the time of the Merger, defendant Lawrie had forecasted plans for a $2.7 billion workforce reduction in the first year, that, as a result of these workforce terminations, the Company was unlikely to deliver on client contracts, that, as a result of the foregoing, the Company's clients would be dissatisfied and the relationships would be impaired, and that, as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects, were materially misleading and/or lacked a reasonable basis.

Those who purchased shares of DXC Technology Company (NYSE: DXC) have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

For more information on this press release visit:
http://www.sbwire.com/press-releases/nyse-dxc-shareholder-notice-deadline-on-november-15-2019-in-lawsuit-against-dxc-technology-company-1263630.htm

Media Relations Contact
Michael Daniels
1-858-779-1554
Email: Click to Email Michael Daniels
Web: http://www.ShareholdersFoundation.com