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Robbins Geller Rudman & Dowd LLP, Girard Sharp LLP, and The Hall Law Firm, Ltd. Announce Pendency of Class Action in the DXC Litigation

The following statement is being issued by Robbins Geller Rudman & Dowd LLP, Girard Sharp LLP, and The Hall Law Firm, Ltd. regarding the DXC Litigation:

SUMMARY NOTICE OF CLASS ACTION

SUPERIOR COURT OF THE STATE OF CALIFORNIA

COUNTY OF SANTA CLARA

 

TO: ALL PERSONS WHO ACQUIRED DXC TECHNOLOGY COMPANY COMMON STOCK IN DIRECT EXCHANGE FOR COMPUTER SCIENCES CORPORATION, INC. SECURITIES IN THE APRIL 1, 2017 MERGER EXCHANGE (THE “CLASS”).

 

A California court authorized this Notice. This is not a solicitation from a lawyer.

 

PLEASE READ THIS SUMMARY NOTICE CAREFULLY IN ITS ENTIRETY. YOUR RIGHTS MAY BE AFFECTED BY A CLASS ACTION CASE PENDING IN COURT.

 

You are hereby notified that your rights may be affected by a lawsuit 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”). You may read a copy of the Complaint here: www.DXCLitigation.com.

The Court has determined that this litigation, titled In re HPE Enterprise Services – DXC Technology Co. Merger Litigation, No. 19CV353132 (Cal. Super. Ct., Santa Clara Cnty.) (the “Litigation”), may proceed as a class action on behalf of the Class, except for certain persons and entities that are excluded from the Class by definition as set forth in the full printed Notice of Class Action (“Notice”). This Summary Notice provides only limited information about the Litigation. The full printed Notice is currently being mailed to known Class members. If you have not yet received a full printed Notice, you may obtain a copy from the website for the Litigation at www.DXCLitigation.com or by contacting Gilardi & Co. LLC (“Notice Administrator”). The Notice Administrator’s contact information is:

DXC Technology Co. Merger Litigation

Notice Administrator

c/o Gilardi & Co. LLC

P.O. Box 301170

Los Angeles, CA 90030-1170

Email: info@DXCLitigation.com

Telephone: 1-888-726-1699

If you did not receive the Notice by mail and you believe you are a member of the Class, please send your name and address (both mail and email) to the Notice Administrator so if any future notices are disseminated in connection with the Litigation, you will receive them.

  • Who is Included in the Class? You are a Class member if you acquired DXC common stock in direct exchange for CSC securities pursuant to the Offering Materials issued in connection with the April 1, 2017 Merger Exchange. Excluded from the Class are Defendants and their families; the officers, directors, and affiliates of Defendants, at all relevant times; members of Defendants’ immediate families and their legal representatives, heirs, successors, or assigns; and any entity in which Defendants have or had a controlling interest.
  • What are my Rights and Options? If you are a Class member, by doing nothing you will keep the possibility of getting money or benefits, if any, from this Litigation. If you stay in the Class and Plaintiffs obtain money or benefits for the Class, you will be notified about how to apply for a share. By staying in the Class, you will also be legally bound by all orders the Court issues and the judgment the Court makes in this Litigation. If you do nothing now, regardless of whether Plaintiffs win or lose, you will give up your right to sue or continue to sue Defendants as part of any other lawsuit about the same legal claims, or those that could have been brought, in this lawsuit.
  • If you do not want to be a member of the Class, you must opt out pursuant to the instructions below. If you opt out of the Class, you may not be able to assert individual claims asserting securities law violations against Defendants, as such claims may no longer be timely. It will be for you to decide whether to pursue any individual lawsuit, claim, or remedy that you may have at your own expense. You are encouraged to seek legal advice concerning the potential impact of opting out on your legal rights, including to determine if your claims would be barred by the applicable statutes of limitation or repose. 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 below.

Your request must contain the following information: (a) your name, telephone number, email address, and mailing address; (b) your statement that you believe you are a Class member and you wish to be excluded from the Class; (c) the name and docket number of this case: In re HPE Enterprise Services – DXC Technology Co. Merger Litigation, No. 19CV353132 (Cal. Super. Ct., Santa Clara Cnty.); and (d) your personally signed signature.

Your request to exclude yourself may not be signed by a lawyer or anyone acting on your behalf.

Mail the request to the following address:

DXC Technology Co. Merger Litigation

Notice Administrator - EXCLUSIONS

c/o Gilardi & Co. LLC

P.O. Box 5100

Larkspur, CA 94977-5100

Be sure to sign the request and complete all required information. To be valid, opt-out requests must be received no later than September 16, 2024.1

  • This Notice is not an expression of any opinion by the Court as to the merits of any of the claims or defenses asserted by any party in this Litigation or whether Defendants engaged in any wrongdoing.
  • If you have any questions concerning the matter raised in this Summary Notice or the full Notice, you may contact the Notice Administrator or address your questions to:

Court-Appointed Class Counsel

Adam E. Polk

GIRARD SHARP LLP

601 California Street

Suite 1400

San Francisco, CA 94108

Telephone: (415) 981-4800

Facsimile: (415) 981-4846

apolk@girardsharp.com

David W. Hall

THE HALL FIRM, LTD.

Four Embarcadero Center

Suite 1400

San Francisco, CA 94104

Telephone: (415) 766-3534

Facsimile: (415) 402-0058

dhall@hallfirmltd.com

James I. Jaconette

ROBBINS GELLER RUDMAN & DOWD LLP

655 West Broadway

Suite 1900

San Diego, CA 92101-8498

Telephone: (619) 231-1058

Facsimile: (619) 231-7423

jamesj@rgrdlaw.com

Central case documents can be found online at: www.DXCLitigation.com. The pleadings and other records in this Litigation may be examined: (a) online on the Superior Court of California, County of Santa Clara’s Electronic Filing and Service Website available on the Court’s website (https://www.scscourt.org/) or through the Santa Clara Superior Court Portal at https://portal.scscourt.org/; or (b) in person at Records, Superior Court of California, County of Santa Clara, 191 N. 1st Street, San Jose, California 95113, between the hours of 8:30 a.m. and 4:00 p.m., Monday through Friday, excluding Court holidays and closures.

PLEASE DO NOT TELEPHONE OR CONTACT THE COURT, CLERK OF THE COURT, OR DEFENDANTS (OR THEIR COUNSEL) TO INQUIRE ABOUT THIS NOTICE.

THIS IS ONLY A SUMMARY NOTICE. IF YOU BELIEVE YOU MAY BE A MEMBER OF THE CLASS, YOU ARE URGED TO OBTAIN A COPY OF THE FULL NOTICE, WHICH IS ACCESSIBLE AT WWW.DXCLITIGATION.COM OR BY CONTACTING THE NOTICE ADMINISTRATOR AT 1-888-726-1699, OR DXC TECHNOLOGY CO. MERGER LITIGATION, NOTICE ADMINISTRATOR, C/O GILARDI & CO. LLC, P.O. BOX 301170, LOS ANGELES, CA 90030-1170 OR AT INFO@DXCLITIGATION.COM.

Dated: June 28, 2024

 

 

By Order of the Superior Court of California

County of Santa Clara

The Honorable Charles F. Adams

____________________

1
Requests for exclusion that are legibly postmarked will be treated as received on the postmark date. Please be advised that the U.S. Postal Service may not postmark mail which is not presented in person.

Contacts

Robbins Geller Rudman & Dowd LLP

Shareholder Relations Department

Greg Wood

(619) 231-1058

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