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IN RE CONDUENT INC. SECURITIES LITIGATION

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Case Number:

2:19-cv-08237

Court:

New Jersey

Nature of Suit:

Securities/Commodities

Multi Party Litigation:

Class Action

Judge:

Susan D. Wigenton

Firms

  1. April 20, 2023

    Attys For Xerox Spinoff Investors Seek $8M Amid $32M Deal

    The attorneys representing a class of investors suing Xerox spinoff company Conduent Inc. for allegedly misleading them on upgrades to its electronic tollbooth collections business requested $8 million in fees out of a $32 million total settlement.

  2. January 27, 2023

    Xerox Spinoff, Investors Get Early OK For $32M Deal

    Xerox spinoff Conduent Inc.'s $32 million settlement with the class of investors who accused it of misleading them on upgrades to its electronic tollbooth collections business got an early nod Friday from a New Jersey magistrate judge.

  3. December 02, 2022

    Xerox Spinoff Reaches $32M Deal In Securities Class Suit

    A Xerox spinoff has agreed to pay $32 million to resolve securities class claims alleging it misled shareholders about the company's progress in making information technology upgrades related to its electronic toll collection business, investors told a New Jersey federal court Friday in seeking preliminary approval of the deal.

  4. April 29, 2021

    Xerox Spinoff, Investors To Mediate Securities Class Claims

    A Xerox Corp. spinoff and its investors agreed to mediate proposed class claims that shareholders paid artificially inflated stock prices because the company hid issues with a vendor's performance and outdated information technology, according to an order filed Thursday in New Jersey federal court.

  5. January 22, 2021

    Xerox Spinoff Fights Cert. Of 'Lawyer-Driven' Investor Suit

    A Xerox spinoff on Friday urged a New Jersey federal court to toss a class certification bid in a suit over the company's purported misrepresentations to shareholders, arguing that the proposed class representatives have "ceded control" of the case to their lawyers at Bernstein Liebhard LLP and Thornton Law Firm LLP.

  6. December 08, 2020

    Bernstein Liebhard, Thornton Aim To Lead Xerox Spinoff Suit

    Bernstein Liebhard LLP and Thornton Law Firm LLP called on a New Jersey federal court Monday to name them class counsel as part of the firms' bid to certify a class of investors who allegedly bought stock in a Xerox spinoff at artificially inflated prices due to the company's purported misrepresentations.

  7. June 05, 2020

    Xerox Spinoff Must Face Stock Inflation Suit

    A New Jersey federal judge has refused to dismiss a proposed securities class action accusing a Xerox spinoff of keeping investors in the dark about tech issues and problems with a vendor, ruling Friday that Conduent must face the suit.

  8. March 11, 2019

    Investors Slam Xerox Spinoff For Falsely Hyping Stock

    Conduent Inc., formerly a collection of Xerox Corp. subsidiaries, has been hit with a putative securities class action in New Jersey federal court alleging it kept investors in the dark about issues with a vendor's performance and the company's outdated information technology infrastructure, causing them to pay artificially inflated stock prices.