DXC Technology Co. convinced a federal judge in California to dismiss securities allegations connected to the 2017 merger that created the company, but investors can still amend their would-be class complaint.
The IT services company formed when Computer Sciences Corp. merged with a Hewlett Packard Enterprise Co. division. DXC investors challenged several of the company’s statements issued in connection with the merger, but none are actionable, the U.S. District Court for the Northern District of California said Monday.
Investors argued that the registration statement for the new company’s stock didn’t adequately disclose the facts about and risks of DXC’s plan ...
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