WELCOME TO THE DXC TECHNOLOGY CO. MERGER LITIGATION WEBSITE

The purpose of this website is to advise you that a class action lawsuit is pending in the Superior Court of the State of California, County of Santa Clara (the “Court”), against DXC Technology Company (“DXC”), Hewlett Packard Enterprise Company (“HPE”), Mukesh Aghi, Amy E. Alving, David Herzog, Sachin Lawande, J. Michael Lawrie, Julio A. Portalatin, Peter Rutland, Manoj P. Singh, Robert F. Woods, Rishi Varma, Timothy C. Stonesifer, Jeremy K. Cox, and Margaret C. Whitman (“Individual Defendants,” and together with DXC and HPE, “Defendants”). In April 2017, HPE spun off its Enterprise Services business segment and merged it with Computer Sciences Corporation, Inc. (“CSC”), forming DXC (the “Merger” or “Merger Exchange”). Plaintiffs allege that in connection with the Merger, DXC issued approximately 140 million new shares of common stock pursuant to a materially false and misleading registration statement and prospectus (collectively, with the documents incorporated therein, the “Offering Materials”).

The Notice of Class Action ("Notice") is not intended to be an expression of any opinion by the Court with respect to the truth of the allegations in this Litigation or the merits of the claims or defenses asserted. The Notice is solely to advise you of this class action lawsuit and of  your legal rights and options.

WHAT IS THIS LAWSUIT ABOUT?

Plaintiffs allege that the Offering Materials represented that the Merger would produce “net synergies” and other “strategic and financial benefits,” including cost savings by virtue of “workforce optimization such as elimination of duplicative roles.” However, according to Plaintiffs, DXC allegedly planned to target older, experienced employees for termination, even where such employees were critical to meet commitments to existing and future clients, which Plaintiffs believe was contrary to these and other statements in the Offering Materials.

Plaintiffs allege that, like similarly situated DXC shareholders, they acquired DXC common stock in exchange for their shares of CSC common stock in connection with the Merger. Plaintiffs allege that the Offering Materials contained material misrepresentations and omissions which caused losses to all Class members.

Plaintiffs assert claims under §§11, 12(a)(2), and 15 of the Securities Act of 1933 against Defendants. You may read a copy of the Complaint. It can be found on the Case Documents tab of this website.

Defendants deny all of Plaintiffs’ allegations, deny any wrongdoing, and deny that they have any liability to Plaintiffs or the Class. The Court has not ruled as to whether Defendants are liable.

Judge Charles F. Adams of the Superior Court of the State of California, County of Santa Clara, is in charge of this case. The case is In re HPE Enterprise Services–DXC Technology Co. Merger Litigation, No. 19CV353132 (Cal. Super. Ct., Santa Clara Cnty.). The Court’s decisions will apply to all Class members, but not those who exclude themselves by opting out of the Class.

WHAT ARE THE PLAINTIFS ASKING FOR?

Plaintiffs are asking the Court to award Class members monetary damages and other relief in an amount to be proven at trial, including interest thereon. Plaintiffs further seek rescission, disgorgement, or such other equitable or injunctive relief as deemed appropriate by the Court. Defendants dispute the availability of monetary damages or equitable or injunctive relief.

YOUR RIGHTS AND OPTIONS

You have to decide on or before September 16, 2024, whether to stay in the Class or ask to be excluded.

If you do not want to be a member of the Class, you must send a signed letter by U.S. Mail saying you want to be excluded from the Class and include the information listed on page 3 of the Notice. To be valid, opt-out requests must be received no later than September 16, 2024.

IMPORTANT DATES AND DEADLINES

ADDITIONAL INFORMATION

Although the information on this website is intended to assist you, it does not replace the information contained in the Notice of Class Action ("Notice") which can be found and downloaded on the Case Documents page of this website. We recommend that you read the Notice and other relevant case documents carefully. You may also wish to read the answers to Frequently Asked Questions provided on this website. If you have not received a Notice and would like to confirm that you are on the mailing list for further mailings in this matter, please contact the Notice Administrator and request that a Notice be sent to you at your current mailing address.