Overview

Basic information

Litigation

Active legal matters

Material Events

8-K disclosures

SEC Filings

Key regulatory docs

Insider Transactions

Ownership changes

Overview

Basic information

Litigation

Active legal matters

Material Events

8-K disclosures

SEC Filings

Key regulatory docs

Insider Transactions

Ownership changes

CONDUENT Inc (CNDT) Class Action Lawsuit (March 2019)

Settlement

2:19cv8237 • March 8, 2019

Class Period Start

February 21, 2018

Class Period End

February 4, 2019

PSLRA Deadline

May 7, 2019

Case Allegations

10b5

Statutes of Repose

Feb 21, 2021

Country

United States

Court

Federal Court

Settlement Information

Please note that for cases in the settlement stage, claims are handled by the claims administrator and NOT Levi & Korsinsky. Any information or documentation previously provided to us does not constitute submission of a claim. If you need to file a claim, check the status of a claim, or have questions regarding distribution of settlement funds, please contact the claims administrator below.

Claim Deadline

May 19, 2023

Settlement Fund

$32,000,000

Settlement Status

Final Approval

Settlement Class

All persons or entities that purchased Conduent Incorporated common stock on the open market on a United States stock exchange from February 21, 2018 through November 6, 2018, both dates inclusive.

Claim Administrator

JND Legal Administration
In re Conduent Securities Litigation c/o JND Legal Administration P.O. Box 91353 Seattle, WA 98111
+1 877-415-0639
[email protected]

Hearing Date

May 24, 2023

Opt-out Deadline

May 3, 2023

Settlement Note

Download here

Proof Of Claim

Download here

Docket History

May 24, 2024

Final Approval of Settlement

The court has granted final approval of the settlement. Eligible investors who submit valid claims may receive a payment once the claims review and distribution process is completed.

Feb 21, 2023

Proof of Claim Form

To receive your portion of the recovery (if you are eligible), you must submit this form to the claims administrator by the deadline indicated on the form itself. If you do not submit this form in time, you will not be entitled to compensation. If you have questions about how to complete the form, you should contact the claims administrator.

Jan 27, 2023

Preliminary Approval of Settlement

The court has granted preliminary approval of a proposed settlement. This means the settlement can move forward for further consideration, but it has not yet received final approval. Potential class members will generally receive notice explaining the settlement, their rights, and any deadlines for submitting a claim, objecting to the settlement, or choosing not to participate.

Dec 2, 2022

Proposed Settlement

Feb 28, 2022

Class Certification Granted

The court has determined that a class action is the appropriate method to bring the claims by class members. Usually, when a class is certified, the judge will also affirm an individual or entity to represent the class and finalize a class definition (i.e.: who is represented in the lawsuit).

Oct 19, 2021

Scheduling Order

Feb 3, 2021

Scheduling Order

Dec 7, 2020

Motion for Class Certification

The plaintiffs have asked the court to approve the lawsuit to proceed as a class action on behalf of a group of investors. The judge will decide whether the case meets the requirements for class certification and which investors and claims may be included.

Dec 4, 2020

Scheduling Order

Oct 28, 2020

Scheduling Order

Oct 27, 2020

Scheduling Order

Sep 28, 2020

Scheduling Order

Aug 3, 2020

Scheduling Order

Jun 19, 2020

Scheduling Order

Jun 12, 2020

Scheduling Order

Jun 5, 2020

Motion to Dismiss Denied

The court has denied the defendants' request to dismiss the lawsuit. The case can now move forward to the next stage of litigation.

Dec 5, 2019

Scheduling Order

Nov 12, 2019

Motion to Dismiss

After reviewing the complaint(s) filed by plaintiffs, defendants have filed a motion requesting that the court dismiss some or all of the plaintiffs' claims. In a motion to dismiss, defendants might challenge the validity of plaintiffs' claims or adequacy of plaintiffs' pleadings. Once a motion to dismiss is filed, the judge will make a decision on whether part or all of the case should be dismissed or the case can proceed as alleged.

Oct 25, 2019

Scheduling Order

Sep 13, 2019

First Amended Complaint

A new complaint has been filed on behalf of certain investors in CONDUENT Inc. Amended complaints may contain additional facts, parties, allegations, a change in the class definition, etc.

Aug 5, 2019

Scheduling Order

Jul 15, 2019

Appointment of Lead Plaintiff

The court has appointed a lead plaintiff to represent the interests of investors in the lawsuit. The lead plaintiff works with the attorneys handling the case, helps oversee the litigation, and represents the interests of the proposed class.

Mar 8, 2019

First Filed Complaint

A securities fraud class action complaint has been filed on behalf of certain investors in CONDUENT Inc.

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