INVESTOR ALERT: Law Offices of Howard G. Smith Announces Investigation on Behalf of Conduent, Inc. Investors
BENSALEM, Pa., March 13, 2019 (GLOBE NEWSWIRE) -- Law Offices of Howard G. Smith announces an investigation on behalf of Conduent, Inc. investors (“Conduent” or the “Company”) (NYSE: CNDT ) concerning the Company and its officers’ possible violations of federal securities laws.
On November 7, 2018, Conduent attributed its negative Q3 and Q4 projected operating results to “continued suboptimal performance from an inherited legacy technology vendor…stem[ming] from the vendor’s inability to deliver on service level agreements, lack of responsiveness to Conduent’s needs, and poorly structured contract which [the Company] inherited.” The Company also disclosed that an “outdated and historically under-invested legacy IT infrastructure has caused major disruptions to our operations and impacted clients and delivery performance.” On this news, shares of Conduent fell $5.60, or 29%, to close at $13.62 on November 7, 2018, thereby injuring investors.
If you purchased Conduent securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to email@example.com, or visit our website at www.howardsmithlaw.com.
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