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3 Major DXC Technology Lawsuits That Made Waves In 2019

Whether it’s a $666 million win, a draw, or it’s still playing out in court, lawsuits against the business process outsourcing giant have claimed to reveal what goes on behind the scenes.

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DXC Technology’s 2019 Court Battles

Three lawsuits over the past year have all made waves at DXC Technology, with much of the company’s inner workings laid bare in a tell-all fashion that paints a behind-the-scenes picture of a company still searching for itself.

One, filed by a former top executive, claims to reveal the machinations at play within its highest levels. Another shows the complicated, and messy process behind the scenes of the spin merger between CSC and HPE Enterprise Services that brought the company to life.

The most recent suit filed last week, not only accuses DXC of failing to pay a contractor $3 million in invoices, but also claims the ex-managing director of its Citibank account allegedly carried out a fraud scheme by hiring relatives and friends for jobs, then fabricating their time sheets and expenses.

Meanwhile, amidst these legal battles, the company’s value has suffered.

DXC shares have lost 49.51-percent of their value, plunging from $54.49 on Jan. 2 to $27.51 on Oct. 21. Last month, longtime CEO Mike Lawrie announced his immediate retirement. While he will remain with DXC as an advisor, the company’s new CEO, Mike Salvino, has taken control of the corner office.

 
 
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