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Robbins Geller Rudman & Dowd LLP, Girard Sharp LLP, and The Hall Firm, Ltd. Announce Proposed Settlement in the DXC Technology Co. Merger Litigation

SAN DIEGO--(BUSINESS WIRE)--The following statement is being issued by Robbins Geller Rudman & Dowd LLP, Girard Sharp LLP, and The Hall Firm, Ltd. regarding the DXC Technology Co. Merger Litigation:

SUPERIOR COURT OF THE STATE OF CALIFORNIA
COUNTY OF SANTA CLARA

In re HPE ENTERPRISE SERVICES-DXC

 

Lead Case No. 19CV353132

TECHNOLOGY CO. MERGER LITIGATION

 

 

 

CLASS ACTION

 

This Document Relates To:

SUMMARY NOTICE OF PROPOSED SETTLEMENT OF CLASS ACTION

ALL ACTIONS.

TO: ALL PERSONS WHO ACQUIRED DXC TECHNOLOGY COMPANY (“DXC”) COMMON STOCK IN DIRECT EXCHANGE FOR COMPUTER SCIENCES CORPORATION, INC. (“CSC”) SECURITIES IN THE APRIL 1, 2017 MERGER BETWEEN CSC AND THE ENTERPRISE SERVICES BUSINESS SEGMENT OF HEWLETT PACKARD ENTERPRISE COMPANY (“HPE”)

A CALIFORNIA COURT AUTHORIZED THIS NOTICE. THIS IS NOT A SOLICITATION FROM A LAWYER.

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

YOU ARE HEREBY NOTIFIED that a hearing will be held on June 11, 2026, at 1:30 p.m., before the Honorable Charles F. Adams at the Superior Court of California, County of Santa Clara, Department 7, 191 N. First Street, San Jose, CA 95113, to determine whether: (1) the proposed settlement (the “Settlement”) of the above-captioned action as set forth in the Stipulation of Settlement (“Stipulation”)1 for $47,500,000.00 in cash should be approved by the Court as fair, reasonable, and adequate; (2) the Judgment as provided under the Stipulation should be entered; (3) to award Plaintiffs’ Counsel attorneys’ fees and expenses out of the Settlement Fund (as defined in the Notice of Proposed Settlement of Class Action (“Notice”), which is discussed below) and, if so, in what amounts; (4) to pay Plaintiffs an incentive award for representing the Class out of the Settlement Fund and, if so, in what amount; and (5) the Plan of Allocation should be approved by the Court as fair, reasonable, and adequate.

This Action is a consolidated securities class action lawsuit pending in the Superior Court of the State of California, County of Santa Clara (the “Court”), against DXC, HPE, Rishi Varma, Timothy C. Stonesifer, Jeremy K. Cox, Mukesh Aghi, Amy E. Alving, David Herzog, Sachin Lawande, J. Michael Lawrie, Julio A. Portalatin, Peter Rutland, Manoj P. Singh, Margaret C. Whitman, and Robert F. Woods (collectively, “Defendants”). In April 2017, HPE spun off its Enterprise Services business segment and merged it with CSC, forming DXC (the “April 1, 2017 Merger Exchange” or the “Merger”). 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. Plaintiffs allege that these purportedly false and misleading statements resulted in damage to Class Members. Defendants expressly deny all of Plaintiffs’ allegations.

IF YOU ACQUIRED DXC COMMON STOCK IN THE APRIL 1, 2017 MERGER EXCHANGE, YOUR RIGHTS MAY BE AFFECTED BY THE SETTLEMENT OF THIS ACTION.

To share in the distribution of the Net Settlement Fund, you must establish your rights by submitting a Proof of Claim and Release form (“Proof of Claim”), along with the required supporting documentation, by mail (postmarked, or received if no postmark, no later than April 6, 2026) or online (no later than April 6, 2026). Your failure to submit your Proof of Claim by April 6, 2026, will subject your claim to rejection and preclude you from receiving any of the recovery in connection with the Settlement of this Action. If you are a member of the Class and did not request exclusion therefrom, you will be bound by the Settlement and any judgment and release entered in the Action, including, but not limited to, the Judgment, whether or not you submit a Proof of Claim.

If you have not received a copy of the Notice, which more completely describes the Settlement and your rights thereunder, and a Proof of Claim, you may obtain these documents, as well as a copy of the Stipulation (which, among other things, contains definitions for the defined terms used in this Summary Notice) and other settlement documents, online at www.DXCLitigation.com, or by writing to:

DXC Technology Co. Merger Litigation
Claims Administrator
c/o Verita Global
P.O. Box 301170
Los Angeles, CA 90030-1170

The pleadings and other records in this litigation, including the Stipulation, may also be examined (a) online on the Superior Court of California, County of Santa Clara’s Electronic Filing and Service Website at 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. First Street, San Jose, California 95113, between the hours of 8:30 a.m. and 3:00 p.m., Monday through Thursday and 8:30 a.m. and 12:00 p.m. on Friday, excluding Court holidays and closures.

Inquiries should NOT be directed to Defendants, the Court, or the Clerk of the Court.

Inquiries, other than requests for the Notice or for a Proof of Claim, may be made to Plaintiffs’ Counsel:

ROBBINS GELLER RUDMAN & DOWD LLP
James I. Jaconette
655 West Broadway, Suite 1900
San Diego, CA 92101
Telephone: 1-800-449-4900
settlementinfo@rgrdlaw.com

GIRARD SHARP LLP
Adam E. Polk
601 California Street, Suite 1400
San Francisco, CA 94108
Telephone: 1-415-981-4800
apolk@girardsharp.com

THE HALL FIRM, LTD.
David W. Hall
One Embarcadero Center, Suite 1200
San Francisco, CA 94111
Telephone: 1-415-426-5648
dhall@hallfirmltd.com

If you are a Class Member, you have the right to object to the Settlement, the Plan of Allocation, the request by Plaintiffs’ Counsel for an award of attorneys’ fees and expenses, and/or the payment to Plaintiffs for their representation of the Class. Any objections must be submitted to the Court and sent to Plaintiffs’ Counsel and Defendants’ Counsel so that they are received by May 21, 2026, in the manner and form explained in the Notice.

DATED: December 15, 2025

BY ORDER OF THE SUPERIOR COURT OF
CALIFORNIA, COUNTY OF SANTA CLARA
THE HONORABLE CHARLES F. ADAMS

________________________
1 The Stipulation can be viewed and/or obtained at www.DXCLitigation.com. All capitalized terms used herein have the same meaning as the terms defined in the Stipulation.

Contacts

Media Contact:
Robbins Geller Rudman & Dowd LLP
Shareholder Relations Department
Greg Wood
(619) 231-1058

Robbins Geller Rudman & Dowd LLP

NYSE:DXC

Release Versions

Contacts

Media Contact:
Robbins Geller Rudman & Dowd LLP
Shareholder Relations Department
Greg Wood
(619) 231-1058

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