NEW YORK, Dec. 03, 2024 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Xerox Holdings Corporation (NASDAQ: XRX) between January 25, 2024 and October 28, 2024, both dates inclusive (the “Class Period”), of the important January 21, 2025 lead plaintiff deadline. SO WHAT: If you purchased Xerox securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arran ...

NEW YORK, Dec. 3, 2024 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in Xerox Holdings Corporation ("Xerox Holdings Corporation" or the "Company") (NASDAQ: XRX) of a class action securities lawsuit.CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Xerox Holdings Corporation investors who were adversely affected by alleged securities fraud between January 25, 2024 and October 28, 2024. Follow the link below to get more information and be contacted by a member of our team:https://z ...

Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Xerox Holdings Corporation due to alleged violations of federal securities laws, encouraging affected investors to come forward [2][4]. Group 1: Legal Investigation and Class Action - The law firm is urging investors who suffered losses exceeding $75,000 in Xerox between January 25, 2024, and October 28, 2024, to discuss their legal options [1]. - A federal securities class action has been filed against Xerox, with a deadline of January 21, 2025, for investors to seek the role of lead plaintiff [2][7]. - The firm has a history of recovering hundreds of millions of dollars for investors since its establishment in 1995 [3]. Group 2: Allegations Against Xerox - The complaint alleges that Xerox and its executives made false or misleading statements and failed to disclose critical information regarding the company's operations and sales performance [4]. - Specific allegations include disruptions in salesforce productivity due to a workforce reduction and a lower rate of sell-through of older products, which impacted sales and revenue [4]. - The company admitted that its "Reinvention" plan was initially disruptive to sales operations, contributing to a decline in quarterly revenue and equipment sales [5]. Group 3: Financial Performance - For Q2 2024, Xerox reported a 12.4% year-over-year decline in revenue to $1.50 billion, with a net loss of $113 million [5]. - In Q3 2024, revenue further declined by 7.5% year-over-year to $1.53 billion, with a significant net loss of $1.2 billion [6]. - Equipment sales also saw a decline, with a 25.8% drop in Q2 and a 12.2% drop in Q3 compared to the previous year [5][6].

Core Viewpoint - A class action lawsuit has been filed against Xerox Holdings Corporation for alleged misleading statements and failures to disclose critical operational issues during the Class Period from January 25, 2024, to October 28, 2024 [1][5]. Group 1: Lawsuit Details - The lawsuit claims that Xerox's salesforce productivity was disrupted due to a large workforce reduction and subsequent reorganization, leading to lower sales and revenue [5]. - Specific allegations include a lower rate of sell-through of older products and delays in launching key products, which were not disclosed to investors [5]. - The lawsuit asserts that the defendants' positive statements about Xerox's business were materially misleading and lacked a reasonable basis [5]. Group 2: Investor Information - Investors who purchased Xerox securities during the Class Period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - To participate in the class action, investors can submit their information through the provided link or contact the law firm directly [3][6]. - A lead plaintiff must be appointed by January 21, 2025, to represent the interests of the class members [1][3]. Group 3: Law Firm Credentials - The Rosen Law Firm has a strong track record in securities class actions, having achieved significant settlements, including over $438 million for investors in 2019 [4]. - The firm has been recognized for its leadership in securities class action settlements, ranking No. 1 in 2017 and consistently in the top 4 since 2013 [4]. - The firm emphasizes the importance of selecting qualified counsel with a proven success record in similar cases [4].

A month has gone by since the last earnings report for Xerox Holdings Corporation (XRX) . Shares have added about 10.1% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Xerox due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers. Xerox Misses Q3 Earnings EstimatesXerox repo ...

NEW YORK, Nov. 26, 2024 (GLOBE NEWSWIRE) -- The law firm of Kirby McInerney LLP reminds investors that a class action lawsuit has been filed in the U.S. District Court for the Southern District of New York on behalf of those who acquired Xerox Holdings Corporation (“Xerox” or the “Company”) (NASDAQ: XRX) securities during the period of January 25, 2024 to October 28, 2024, inclusive (“the Class Period”). Investors have until January 21, 2025, to apply to the Court to be appointed as lead plaintiff in the la ...

Core Viewpoint - Xerox Holdings Corporation is facing a class action lawsuit due to allegations of issuing materially false and misleading statements regarding its business operations and sales performance during a specific class period [2]. Group 1: Allegations and Impact - The lawsuit claims that after a significant workforce reduction, Xerox reorganized its salesforce, which disrupted productivity and led to lower sales and revenue [2]. - The company experienced a lower rate of sell-through of older products, which is expected to delay the launch of key new products [2]. - Defendants' positive statements about Xerox's business and prospects were allegedly misleading and lacked a reasonable basis due to these operational challenges [2]. Group 2: Class Action Details - The class period for the lawsuit is defined as January 25, 2024, to October 28, 2024 [2]. - Shareholders who purchased shares during this period are encouraged to register for participation in the class action, with a deadline for lead plaintiff appointment set for January 21, 2025 [3]. - There is no cost or obligation for shareholders to participate in the case, and they will receive updates through a portfolio monitoring software [3].

LOS ANGELES, Nov. 25, 2024 (GLOBE NEWSWIRE) -- Glancy Prongay & Murray LLP (“GPM”) reminds investors of the upcoming January 21, 2025 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased or otherwise acquired Xerox Holdings Corporation (“Xerox” or the “Company”) (NASDAQ: XRX) securities between January 25, 2024 and October 28, 2024, inclusive (the “Class Period”). If you suffered a loss on your Xerox investments or would like to inquire about potentially pu ...

SAN DIEGO, Nov. 24, 2024 (GLOBE NEWSWIRE) -- Robbins LLP reminds investors that a class action was filed on behalf of all persons and entities that purchased or otherwise acquired Xerox Holdings Corporation (NASDAQ: XRX) securities between January 25, 2024 and October 28, 2024. Xerox and its subsidiaries offer workplace technology that integrates hardware, services, and software for enterprises in the Americas, and internationally. For more information, submit a form, email attorney Aaron Dumas, Jr., or gi ...

NEW YORK, Nov. 22, 2024 /PRNewswire/ -- Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of all purchasers of securities of Xerox Holdings Corporation (NASDAQ: XRX) between January 25, 2024 and October 28, 2024. Xerox describes itself as a "company that offers workplace technology that integrates hardware, services, and software for enterprises in the Americas, and internationally."So what: If you purchased Xerox securities during the Class Period y ...