Overview

A class action lawsuit has been filed against DXC Technology Company (“DXC” or the “Company”) (NYSE: DXC) and certain of the Company’s former and current senior executive officers alleging violations of the federal securities laws.  The DXC class action lawsuit is brought on behalf of all persons and entities who purchased or otherwise acquired shares of DXC common stock between May 26, 2021, and May 16, 2024, both dates inclusive (the “Class Period”).  Investors have until October 1, 2024, to seek appointment as lead plaintiff of the DXC class action lawsuit.

DXC is an information technology (“IT”) services and consulting company that offers a portfolio of services to help clients modernize their IT systems.  Since 2017, DXC has acquired several other companies to help expand its capabilities and market reach.  The Company has historically encountered challenges integrating these new companies and systems, which has led to multiple company-wide restructurings.  In 2020, DXC announced that it had begun another “transformation journey” that would position DXC for the future. 

The DXC class action lawsuit alleges that Defendants, throughout the Class Period, made numerous materially false and misleading statements and omissions concerning DXC’s ability to integrate previously acquired companies and business systems, as well as their efforts to reduce the Company’s restructuring costs.  Specifically, Defendants repeatedly touted the progress of DXC’s “transformation journey,” and assured investors that their efforts to reduce restructuring costs were successful and that they were all sustainable and a result of the operational work they were doing.  As a result of these misrepresentations, the price of DXC common stock traded at artificially inflated prices throughout the Class Period.  In truth, Defendants knew, or recklessly disregarded, that the Company had reduced restructuring costs during the Class Period by curbing the Company-wide “transformation” and had thereby simply deferred costs that DXC would ultimately need to spend to finally implement the restructuring that it claimed to be successfully addressing during the Class Period. 

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If you purchased or otherwise acquired shares of DXC common stock between May 26, 2021 and May 16, 2024, both dates inclusive, and you wish to serve as lead plaintiff in this lawsuit, we encourage you to submit your information to DiCello Levitt LLP via the form on this page. 

You can also contact DiCello Levitt partner Brian O’Mara by calling (888) 287-9005 or at investors@dicellolevitt.com. 

The deadline to apply to the Court to serve as a lead plaintiff in the DXC class action lawsuit is October 1, 2024.