Claims In Tech Companies' Merger Deal Investor Suit Deemed Not Actionable

Mealey's (July 30, 2020, 2:15 PM EDT) -- SAN JOSE, Calif. — A federal judge in California on July 27 ruled that lead plaintiffs in a securities class action lawsuit stemming from an allegedly misleading registration statement issued in connection with a merger deal between technology companies Computer Sciences Corp. (CSC) and Hewlett Packard Enterprise Co. (HPE) have failed to plead any actionable misstatements or omissions in making their federal securities law claims (Neil Costanzo v. DXC Technology Co., et al., No. 19-5794, N.D. Calif., 2020 U.S. Dist. LEXIS 132658)....