NEW ORLEANS–(BUSINESS WIRE)–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 Company’s 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 vendor’s
inability to deliver on service level agreements, lack of responsiveness
to Conduent’s 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Further, an “outdated and historically under-invested legacy IT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 Conduent’s 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.
Contacts
Kahn Swick & Foti, LLC
Lewis Kahn, Managing Partner
[email protected]
1-877-515-1850
