Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Xerox Holdings Corporation regarding a class action lawsuit due to alleged misleading statements and operational disruptions affecting the company's sales and revenue [1][2]. Group 1: Allegations and Impact - The complaint alleges that during the class period from January 25, 2024, to October 28, 2024, Xerox made materially false and misleading statements [2]. - Key allegations include a significant workforce reduction leading to a reorganization of the salesforce, which disrupted productivity and resulted in lower sales and revenue [2]. - The difficulties in selling older products are expected to delay the launch of key new products, further impacting the company's financial performance [2]. Group 2: Class Action Details - Shareholders who purchased shares of Xerox during the specified class period are encouraged to register for the class action, with a deadline for lead plaintiff applications set for January 21, 2025 [3]. - Participants will be enrolled in a portfolio monitoring system to receive updates on the case's progress [3]. - There is no cost or obligation for shareholders to participate in the class action [3].

Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Xerox Holdings Corporation regarding a class action lawsuit due to alleged misleading statements and operational disruptions affecting the company's sales and revenue [1][3]. Summary by Relevant Sections Class Period and Allegations - The class period for the lawsuit is from January 25, 2024, to October 28, 2024 [3]. - Allegations include that Xerox's management made materially false and misleading statements, failed to disclose significant operational changes, and that these issues led to lower sales and revenue [3]. Operational Disruptions - Key points of disruption include: - A large workforce reduction followed by a reorganization of the salesforce with new territory assignments [3]. - Disruption in salesforce productivity leading to a lower rate of sell-through of older products [3]. - Delays in launching key products due to difficulties in clearing out older inventory [3]. Impact on Financial Performance - As a result of the aforementioned issues, Xerox is likely to experience lower sales and revenue, contradicting previous positive statements made by the company's management [3]. Next Steps for Shareholders - Shareholders are encouraged to register for the class action by January 21, 2025, to monitor the case's progress [4]. - Registration allows shareholders to receive updates and does not incur any costs or obligations [4]. Firm's Commitment - The Gross Law Firm aims to protect investors' rights and ensure companies adhere to responsible business practices, seeking recovery for losses incurred due to misleading statements [5].

Core Viewpoint - Xerox Holdings Corporation is facing a class action lawsuit due to alleged misleading statements and undisclosed issues that negatively impacted its business performance during the specified class period [1][3]. Group 1: Class Action Details - The class action represents investors who purchased Xerox securities between January 25, 2024, and October 28, 2024, with a deadline for filing a lead plaintiff motion set for January 21, 2025 [1]. - Investors are encouraged to contact the Portnoy Law Firm for a complimentary case evaluation and to discuss their legal rights [2]. Group 2: Allegations Against Xerox - The lawsuit claims that Xerox underwent a significant workforce reduction and reorganized its salesforce, which disrupted productivity [3]. - This disruption led to a slower sell-through rate of older products and delayed the launch of critical new products, resulting in anticipated lower sales and revenue [3]. - The defendants' positive statements regarding Xerox's business and future prospects are alleged to be materially misleading and lacking a reasonable basis [3].

Core Viewpoint - A class action lawsuit has been filed against Xerox Holdings Corporation for allegedly misleading investors about its business prospects during a specific period in 2024 [1][2]. Group 1: Allegations and Company Performance - The lawsuit claims that Xerox failed to disclose significant issues, including a reorganization of its salesforce after a large workforce reduction, which disrupted productivity and led to lower sales and revenue expectations [2]. - On October 29, 2024, Xerox reported lower-than-expected sales force productivity improvements and delays in launching two new products, resulting in a 7.5% year-over-year decline in quarterly revenue to $1.53 billion and a net loss of $1.2 billion, which was a decrease of $1.3 billion year-over-year [3]. - Equipment sales also saw a decline of 12.2% year-over-year, amounting to $339 million [3]. Group 2: Shareholder Actions - Shareholders interested in participating in the class action must submit their application to serve as lead plaintiff by January 21, 2025 [4]. - It is noted that shareholders do not need to actively participate in the case to be eligible for any potential recovery [4]. Group 3: Legal Representation - Robbins LLP, the law firm handling the case, operates on a contingency fee basis, meaning shareholders will not incur any fees or expenses unless there is a recovery [5]. - The firm has a history of successfully litigating securities class actions and has recovered over $1 billion for shareholders since its inception [5].

Core Viewpoint - Rosen Law Firm is reminding investors who purchased Xerox Holdings Corporation securities between January 25, 2024, and October 28, 2024, of the upcoming lead plaintiff deadline on January 21, 2025, for a class action lawsuit [1]. Group 1: Class Action Details - Investors who purchased Xerox securities during the specified Class Period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - A class action lawsuit has already been filed, and interested parties can join by contacting Rosen Law Firm [3][6]. - To serve as lead plaintiff, individuals must file a motion with the Court by January 21, 2025 [3]. Group 2: Law Firm Credentials - Rosen Law Firm emphasizes the importance of selecting qualified counsel with a successful track record in securities class actions, highlighting its own achievements, including the largest securities class action settlement against a Chinese company at the time [4]. - The firm has been ranked No. 1 for securities class action settlements in 2017 and has consistently ranked in the top 4 since 2013, recovering hundreds of millions of dollars for investors [4]. Group 3: Case Allegations - The lawsuit alleges that during the Class Period, Xerox made false or misleading statements and failed to disclose critical information, including disruptions in salesforce productivity due to a workforce reduction and the impact on sales and revenue [5]. - Specific claims include a lower rate of sell-through of older products and delays in launching key products, which collectively misled investors about the company's business prospects [5].

Core Viewpoint - A class action securities lawsuit has been filed against Xerox Holdings Corporation, alleging securities fraud that negatively impacted investors between January 25, 2024, and October 28, 2024 [1][2]. Group 1: Lawsuit Details - The lawsuit claims that Xerox made false statements and concealed critical information regarding the reorganization of its salesforce after a significant workforce reduction, which disrupted productivity [2]. - It is alleged that this disruption led to a lower sell-through rate of older products and delayed the launch of key products, ultimately resulting in lower sales and revenue for the company [2]. - The positive statements made by the defendants about the company's business and prospects were deemed materially misleading and lacked a reasonable basis due to these issues [2]. Group 2: Next Steps for Investors - Investors who suffered losses during the specified timeframe have until January 21, 2025, to request appointment as lead plaintiff, although participation in any recovery does not require serving in this role [3]. - Class members may be entitled to compensation without incurring any out-of-pocket costs or fees, and there is no obligation to participate [3]. Group 3: Firm Background - Levi & Korsinsky, LLP has a strong track record in securities litigation, having secured hundreds of millions of dollars for shareholders over the past 20 years [4]. - The firm has been recognized in ISS Securities Class Action Services' Top 50 Report for seven consecutive years, highlighting its expertise in complex securities litigation [4].

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].

Core Viewpoint - Xerox Holdings Corporation reported disappointing third-quarter 2024 results, with both earnings and revenues missing consensus estimates, leading to a downward revision of future guidance [2][8]. Financial Performance - Third-quarter adjusted EPS was 25 cents, missing the Zacks Consensus Estimate by 52.8% and declining 45.7% year over year [2]. - Total revenues were $1.53 billion, missing the consensus mark by 3.6% and decreasing 7.5% year over year [2]. - Post-sale revenues were $1.19 billion, down 6.1% year over year, and equipment sales declined 12.2% to $339 million [3]. - The Print and Other segment's revenues totaled $1.46 billion, down 7.5% year over year [4]. - Sales revenues were $588 million, down 8.7% year over year, while services, maintenance, and rental revenues totaled $902 million, down 6.2% [5]. Operating Performance - Adjusted operating income was $85 million, up 17.6% year over year, with an adjusted operating margin of 5.2%, up 110 basis points [6]. Balance Sheet and Cash Flow - Xerox ended the quarter with cash and cash equivalents of $521 million, an increase from $485 million in the prior quarter [7]. - Operating cash flow was $116 million, and free cash flow was $107 million for the quarter [7]. 2024 Guidance - The company lowered its 2024 revenue guidance from a 5% to 6% decline to around a 10% decline at constant currency [8]. - Adjusted operating margin expectations were reduced from at least 6.5% to around 5% [8]. - Free cash flow expectations were revised down to $450 to $500 million from at least $550 million [8]. Market Sentiment - Estimates for Xerox have trended downward, with a consensus estimate shift of -37.2% [9][10]. - The stock has a Growth Score of B but lags in Momentum Score with an F, while holding an A grade on the value side [11]. - Overall, the stock has an aggregate VGM Score of B, indicating a below-average return expectation in the coming months, reflected in a Zacks Rank 5 (Strong Sell) [12].

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 ...