Kahn Swick & Foti, LLC (KSF) and KSF partner, the former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors with large financial interests that they have only until May 7, 2019 to file lead plaintiff applications in a securities class action lawsuit against Conduent, Inc. (NYSE: CNDT). Investor losses must relate to purchases of the Companys shares between February 21, 2018 and November 6, 2018. This action is pending in the United States District Court for the District of New Jersey.
What You May Do
If you purchased shares of Conduent and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email ([email protected]), or visit https://www.ksfcounsel.com/cases/nyse-cndt/ to learn more. If you wish to serve as a lead plaintiff in this class action by overseeing lead counsel with the goal of obtaining a fair and just resolution, you must request this position by application to the Court by May 7, 2019.
About the Lawsuit
On November 7, 2018, the Company disclosed negative Q3 and Q4 projected operating results due to continued suboptimal performance from an inherited legacy technology vendor¦stem[ming] from the vendors inability to deliver on service level agreements, lack of responsiveness to Conduents needs, and poorly structured contract which we inherited Further, an outdated and historically under-invested legacy IT infrastructure has caused major disruptions to our operations and impacted clients and delivery performance.
On this news, the price of Conduents shares plummeted.
About Kahn Swick & Foti, LLC
KSF, whose partners include the former Louisiana Attorney General Charles C. Foti, Jr., is a law firm focused on securities, antitrust and consumer class actions, along with merger & acquisition and breach of fiduciary litigation against publicly traded companies on behalf of shareholders. The firm has offices in New York, California and Louisiana.
To learn more about KSF, you may visit www.ksfcounsel.com.
Kahn Swick & Foti, LLC
Lewis Kahn, Managing Partner