March 14, 2019
Wolf Popper LLP has filed a class action lawsuit against Conduent, Inc. and certain of its officers, in the United States District Court for the District of New Jersey (Case Number 2:19-cv-08237).
The firm filed the lawsuit “on behalf of all persons and entities who purchased Conduent common stock during the period 21 February 2018 through 6 November 2018, and were damaged thereby.”
The Action alleges claims for violations of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.
Wolf Popper explains, “If you are a member of the Class, you may file a motion no later than May 7, 2019 to be appointed lead plaintiff. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.”
The firm adds, “Wolf Popper has successfully recovered billions of dollars for defrauded investors.”
Conduent Inc. is a business process services company and Xerox spin-off, headquartered in New Jersey. The business was officially launched in January 2017. Its official website describes its mission as being “To enable our clients’ success through our digital innovations, industry expertise, and commitment to excellence while delivering value to all stakeholders.” However Conduent has been plagued with problems since its inception, including financial losses and job cuts, as well as a fine by the CFPB.
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