DXC Technology Again Beats Investor Allegations on 2017 Merger

DXC Technology Co. is free again of a would-be class suit over statements surrounding the merger that created it, but a federal judge in California gave investors another chance to improve their allegations.

The investors, who accused the IT services company of projecting $1 billion in first-year cost reductions when its real target was $2.7 billion, also lost an earlier round in July 2020. Their latest complaint added new allegations, but failed to “establish the time frame over which DXC sought to accomplish its cost cutting goal,” the U.S. District Court for the Northern District of California said.

The ...