ClaimsFiler, a FREE shareholder information service, reminds investors that they have until May 7, 2019 to file lead plaintiff applications in a securities class action lawsuit against Conduent, Inc. (NYSE: CNDT), if they purchased the Companys shares between February 21, 2018 and November 6, 2018 (the Class Period). This action is pending in the United States District Court for the District of New Jersey.
Conduent investors should visit us at https://www.claimsfiler.com/cases/view-conduent-inc-securities-litigation or call toll-free (844) 367-9658. Lawyers at Kahn Swick & Foti, LLC are available to discuss your legal options.
About the Lawsuit
Conduent and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
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 Further, an outdated and historically under-invested legacy IT infrastructure has caused major disruptions to our operations and impacted clients and delivery performance.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.
ClaimsFiler has a single mission: to serve as the information source to help retail investors recover their share of billions of dollars from securities class action settlements. At ClaimsFiler.com, investors can: (1) register for free to gain access to information and settlement websites for various securities class action cases so they can timely submit their own claims; (2) upload their portfolio transactional data to be notified about relevant securities cases in which they may have a financial interest; and (3) submit inquiries to the Kahn Swick & Foti, LLC law firm for free case evaluations.
To learn more about ClaimsFiler, visit www.claimsfiler.com.
Lewis Kahn, 844-367-9658