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KBC ASSET MANAGEMENT NV v. DXC TECHNOLOGY CO.

No. 20-1718.

19 F.4th 601 (2021)

KBC ASSET MANAGEMENT NV; Arbejdsmarkedets Tillaegspension, Plaintiffs-Appellants, and City of Warren Police and Fire Retirement System, Individually and on behalf of all others similarly situated, Plaintiff, v. DXC TECHNOLOGY COMPANY; J. Michael Lawrie; Paul N. Saleh, Defendants-Appellees.

United States Court of Appeals, Fourth Circuit.

Decided: December 1, 2021.

Attorney(s) appearing for the Case

ARGUED: Gregg S. Levin , MOTLEY RICE LLC, Mount Pleasant, South Carolina, for Appellants. Jamie L. Wine , LATHAM & WATKINS, New York, New York, for Appellees. ON BRIEF: Aaron S. Book , WEBSTER BOOK LLP, Alexandria, Virginia; Christopher F. Moriarty , MOTLEY RICE LLC, Mount Pleasant, South Carolina; John C. Browne , Lauren A. Ormsbee , Jesse L. Jensen , BERNSTEIN LITOWITZ BERGER & GROSSMANN LLP, New York, New York, for Appellants. Kevin M. McDonough , New York, New York, Melissa Arbus Sherry , Stephen P. Barry , Margaret A. Upshaw , LATHAM & WATKINS LLP, Washington, D.C., for Appellees.

Affirmed by published opinion. Judge WYNN wrote the opinion, in which Judge THACKER and Judge RUSHING joined.

Plaintiffs KBC Asset Management NV and Arbejdsmarkedets Tillaegspension appeal the dismissal of their class action suit alleging securities fraud under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and a regulation promulgated thereunder known as Rule 10b-5 against Defendants DXC Technology Company and its...

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