LOS ANGELES–(BUSINESS WIRE)–lt;a href=”https://twitter.com/search?q=%24CNDT&src=ctag” target=”_blank”gt;$CNDTlt;/agt; lt;a href=”https://twitter.com/hashtag/Conduent?src=hash” target=”_blank”gt;#Conduentlt;/agt;–The
Schall Law Firm, a national shareholder rights litigation firm,
announces that it is investigating claims on behalf of investors of
Conduent, Inc. (“Conduent” or “the Company”) (NASDAQ: CNDT)
for violations of §§10(b) and 20(a) of the Securities Exchange Act of
1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and
Exchange Commission.
The investigation focuses on whether the Company issued false and/or
misleading statements and/or failed to disclose information pertinent to
investors. Conduent misled investors by claiming that it had fixed
efficiency problems due to operating on multiple technology platforms by
February 2018. Contrary to the Company’s earlier claims, it disclosed in
November 2018 that “outdated and historically under-invested legacy IT
infrastructure has caused major disruptions to our operations and
impacted clients and delivery performance.” Based on these facts, the
Company’s public statements were false and materially misleading
throughout the class period. When the market learned the truth about
Conduent, investors suffered damages.
If you are a shareholder who suffered a loss, click
here to participate.
We also encourage you to contact Brian Schall, or Sherin Mahdavian, of
the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA
90067, at 424-303-1964, to discuss your rights free of charge. You can
also reach us through the firm’s website at www.schallfirm.com,
or by email at [email protected].
The class in this case has not yet been certified, and until
certification occurs, you are not represented by an attorney. If you
choose to take no action, you can remain an absent class member.
The Schall Law Firm represents investors around the world and
specializes in securities class action lawsuits and shareholder rights
litigation.
This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and rules of ethics.
Contacts
The Schall Law Firm
Brian Schall, Esq.
Sherin Mahdavian, Esq.
310-301-3335
Cell:
424-303-1964
[email protected]
www.schallfirm.com
