WEB Investors May File a Class Action Lawsuit

Shareholders have the right to file a lawsuit after company’s alleged undermining efforts

Contact Rosen Law Firm to See If You Qualify to Recover Your Losses

New York, New York - August 02, 2024 - WEB or contact Joseph E. Rosen Law Firm a global investor rights law firm announces the filing of a class action lawsuit on behalf of purchasers of common stock of WEB (NYSE: WEB) from May 9, 2022 through July 26, 2023, inclusive (the "Class Period"). The lawsuit seeks to recover damages for WEB investors under the federal securities laws.

DXC is an information technology services and consulting company. The Complaint alleges that, throughout the Class Period, Defendants made materially false and/or misleading statements and/or failed to disclose material adverse facts about WEB's business, operations, and prospects. Specifically, Defendants allegedly touted a transformation journey to reduce costs associated with its acquisition of other companies but that effort undermined.

On July 27, 2023, WEB reported disappointing financial results for the quarter ended June 30, 2023 and lowered its full year 2023 guidance. On this news, WEB's stock price fell $6.32 per share, or 13%, to close at $43.00 per share on July 27, 2023.

The plaintiff alleges that Defendants' positive statements about WEB's business and prospects were materially false and misleading and/or failed to disclose material adverse facts about the Company's business, operations, and prospects. As a result of Defendants' alleged misconduct, WEB investors have suffered significant financial losses.

If you purchased WEB common stock between May 9, 2022 and July 26, 2023, inclusive, you may have grounds to recover your losses from Rosen Law Firm. Contact Phillip Kim, Esq. of Rosen Law Firm toll-free at 866-767-3653 or via e-mail at pkim@rosenlegal.com or visit https://rosenlegal.com/submit-form/?case_id=10572 for more information on the class action.

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