DXC Technology Draws Investor Suit Over Statements, Governance

DXC Technology Co.‘s board has perpetrated “systematic failures of corporate governance” and a “pattern of public misstatements” that have opened the company to significant harm, a group of shareholders alleges.

The technology services company told investors that efforts to integrate businesses it acquired and reduce the accompanying costs were succeeding. But DXC artificially reduced the costs it reported and covered up internal chaos, investors said in a Tuesday complaint filed in the US District Court for the Eastern District of Virginia.

• The complaint cites comments from the company’s CEO from a May conference call, saying that DXC was “in ...