DXC Technology
Settlement of In re HPE Enterprises Services-DXC Technology Co. Merger Litigation,
No. 19CV353132
The parties have reached a settlement of this action, pending in the Superior Court of the State of California for the County of Santa Clara. The settlement provides for the payment of $47.5 million for the benefit of eligible Class Members. Briefly, Plaintiffs alleged that offering materials for an April 1, 2017 stock-for-stock merger exchange misrepresented and omitted material facts regarding the nature, timing, and scope of a so-called “workforce optimization” plan that Defendants intended to implement at DXC Technology Co. (“DXC”) after the transaction. The transaction itself involved the spinoff of Hewlett Packard Enterprise Company’s Enterprise Services business segment, which was then merged with Computer Sciences Corporation, Inc. (“CSC”) to form DXC.
The Class consists of all persons who acquired DXC common stock in direct exchange for CSC securities in the April 1, 2017 merger exchange. Excluded from the Class are Defendants and their families; the officers, directors, and affiliates of Defendants, at all relevant times; members of Defendants’ immediate families and their legal representatives, heirs, successors, or assigns; and any entity in which Defendants have or had a controlling interest. Also excluded from the Class are those Persons who would otherwise be Class Members but who timely and validly excluded themselves therefrom during the course of the litigation, all of whom are identified in an attachment to the Judgment.
The settlement was approved by the Court on June 11, 2026.
If you have any questions about the settlement or the litigation, please contact the Shareholder Relations Department at 1-800-449-4900.
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