NEW YORK , Aug. 18, 2024 /PRNewswire/ -- Attorney Advertising-- Bronstein, Gewirtz & Grossman, LLC, a nationally recognized law firm, notifies investors that a class action lawsuit has been filed against DXC Technology Company ("DXC" or "the Company") (NYSE: DXC) and certain of its officers. Class Definition This lawsuit seeks to recover damages against Defendants for alleged violations of the federal securities laws on behalf of all persons and entities that purchased or otherwise acquired DXC securities between May 26, 2021 , and May 16, 2024 , inclusive (the "Class Period").
Such investors are encouraged to join this case by visiting the firm's site: bgandg.com/DXC . Case Details The complaint alleges throughout the Class Period, the Company misrepresented its ongoing "transformation journey" and the Company's ability to integrate previously acquired companies and business systems.
The complaint continues to allege that while touting its ongoing success in implementing that integration, DXC repeatedly stressed its commitment to reducing the Company's restructuring and transaction, separation, and integration ("TSI") costs in order to increase its free cashflow and "unleash [its] true earnings power." In truth, Defendants knew or recklessly disregarded that the Company was only able to reduce its restructuring and TSI costs by limiting its integration efforts. As a result of Defendants' misrepresentations, shares of DXC common stock traded at artificially inflated prices th.