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MarketScreener Homepage  >  Equities  >  Nyse  >  Conduent Inc    CNDT

CONDUENT INC

(CNDT)
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Rosen Law Firm Reminds Conduent, Inc. Investors of Important Deadline in Securities Class Action Lawsuit; Encourages Investors with Over $100K in Losses to Contact the Firm – CNDT

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04/15/2019 | 05:48pm EDT

Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Conduent, Inc. (NYSE:CNDT) from February 21, 2018 through November 6, 2018, inclusive (the “Class Period”) of the important May 7, 2019 lead plaintiff deadline in the class action. The lawsuit seeks to recover damages for Conduent investors under the federal securities laws.

To join the Conduent class action, go to https://www.rosenlegal.com/cases-register-1540.html or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.

NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY RETAIN COUNSEL OF YOUR CHOICE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. AN INVESTOR’S ABILITY TO SHARE IN ANY POTENTIAL FUTURE RECOVERY IS NOT DEPENDENT UPON SERVING AS LEAD PLAINTIFF.

According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) Conduent had misled investors in representing that as of February 2018 the Company had fixed efficiency issues caused by Conduent operating on various information resource platforms; (2) Conduent admitted in November 2018 that its “outdated and historically under-invested legacy IT infrastructure has caused major disruptions to our operations and impacted clients and delivery performance”; and (3) as a result, defendants’ public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than May 7, 2019. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to join the litigation, go to https://www.rosenlegal.com/cases-register-1540.html or to discuss your rights or interests regarding this class action, please contact Phillip Kim, Esq. of Rosen Law Firm toll free at 866-767-3653 or via e-mail at pkim@rosenlegal.com or cases@rosenlegal.com.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 3 each year since 2013.


© Business Wire 2019
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Sales 2019 4 471 M
EBIT 2019 354 M
Net income 2019 -321 M
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