DXC Technology Shareholders Alert: Key Deadline Approaches
Important Notice for DXC Technology Investors
Investors in DXC Technology are reminded that if they have incurred losses exceeding $100,000, they have until October 1, 2024, to apply as lead plaintiffs in a class action lawsuit. The case is directed against DXC Technology Company, which has experienced notable developments impacting its stock.
Understanding the Legal Action
The legal action against DXC Technology is rooted in allegations that the company and certain executives failed to disclose crucial material information to investors during the identified class period. This class encompasses transactions made from May 26, 2021, to May 16, 2024.
Details About the Recent Disclosures
On May 16, 2024, DXC Technology publicly revealed its fourth-quarter and full-year results, stating that previous restructurings had not established a solid foundation for profitable growth. The announcement led to significant declines in its stock price, accentuating investor concerns.
Impact on Share Price
The implications of this announcement were immediate. Following the news, DXC shares plummeted by $3.36, a steep decline of almost 17%, falling from a closing price of $19.88 to $16.52 per share. This steep drop has raised alarms among investors, many of whom may now be contemplating their legal options.
How to Get Involved
Investors who are interested in understanding their rights or seeking participation in the class action should consult the legal team at Kahn Swick & Foti, LLC. They offer complimentary consultations on how the case may impact potential recovery of losses associated with their investments in DXC.
About Kahn Swick & Foti, LLC
Kahn Swick & Foti is recognized as one of the premier securities litigation law firms in the country. The firm focuses on representing a diverse clientele, including public institutional investors and retail investors, pursuing justice against corporate misconduct. Their expertise in shareholder rights cases speaks to their commitment to investor protection.
Contacting KSF
Investors wishing to learn more can reach out to KSF Managing Partner Lewis Kahn. He is available to discuss potential next steps for those looking to file as lead plaintiffs in the upcoming lawsuit. Interested parties can contact the firm at 1-877-515-1850 or via email.
Frequently Asked Questions
What is the deadline for filing as lead plaintiff in the DXC case?
The lead plaintiff application deadline is October 1, 2024.
What triggered the recent decline in DXC shares?
DXC shares dropped sharply following the company's admission that prior restructurings were insufficient for profitable growth.
Who can file as lead plaintiff?
Any investor who suffered losses exceeding $100,000 during the class period can apply to be the lead plaintiff.
How can investors learn more about the lawsuit?
Investors can reach out to Kahn Swick & Foti for free consultations regarding the lawsuit and their potential rights.
What other claims are involved in the lawsuit?
The lawsuit alleges violations of federal securities laws due to failure to disclose material information to investors.
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