Thieler Law Corp advises investors with losses exceeding $100,000 of the May 7, 2019 lead plaintiff deadline in a class action lawsuit filed against Conduent Incorporated (NYSE: CNDT) (“Conduent” or “the Company”). The suit is pending in the U.S. District Court for the District of New Jersey and investors, who purchased Conduent Incorporated securities between February 21, 2018 and November 6, 2018, have until May 7, 2019 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class.

If you purchased Conduent Incorporated securities during the Class Period, and have losses over $100,000, you may contact Thieler Law Corp by calling at (619) 377 - 4324 or emailing mail@thielerlaw.com . No class has been certified in this case, and if your losses are less than $100,000 you are still a member of the class.

The complaint alleges that during the Class Period defendants made false and misleading statements and/or allegedly failed to disclose that Conduent had misled investors in representing that as of February 2018 the Company had fixed efficiency issues caused by Conduent operating on various information resource platforms;  Conduent admitted in November 2018 that its “outdated and historically under-invested legacy IT infrastructure has caused major disruptions to our operations and impacted clients and delivery performance”; and as a result, defendants’ public statements were materially false and misleading at all relevant times.

On November 7, 2018, the Company revealed that it had suffered reduced third quarter and projected fourth quarter operating results caused by "continued suboptimal performance from an inherited legacy technology vendor.” The Company advised investors that "[t]he performance issue stem[s] from the vendor's inability to deliver on level agreements, lack of responsiveness to Conduent's needs, and poorly structured contract which we inherited" and that an "outdated and historically under-invested legacy IT infrastructure has caused major disruptions to our operations and impacted clients and delivery performance.”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, NYSE: CNDT fell $5.60 per share, or 29.14%, to close at $13.62 per share on November 7, 2018.

If you were negatively impacted by your investment in Conduent Incorporated securities between February 21, 2018 and November 6, 2018 and would like to learn more about this lawsuit and your ability to participate as a lead plaintiff, please contact us for your no-cost evaluation.

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