LOS ANGELES, Nov. 22, 2024 /PRNewswire/ -- The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Xerox Holdings Corporation ("Xerox" or "the Company") (NASDAQ: XRX) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.Investors who purchased the Company's securities between January 25, 2024 and October 28, 2024, inclusive (the "Class Per ...

Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $75,000 In Xerox To Contact Him Directly To Discuss Their Options If you suffered losses exceeding $75,000 in Xerox between January 25, 2024 and October 28, 2024 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310). [You may also click here for additional information] NEW YORK, Nov. 22, 2024 (GLOBE NEW ...

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: 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 salesforce reorganization and its impact on productivity [4]. - Specific issues cited include disruptions in salesforce productivity, lower sell-through rates of older products, delays in launching key products, and ultimately lower sales and revenue expectations [4]. Group 2: Financial Performance - For Q2 2024, Xerox reported a revenue decline of 12.4% year-over-year to $1.50 billion, with a net loss of $113 million, and equipment sales down 25.8% to $290 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, and equipment sales decreased by 12.2% to $339 million [7]. Group 3: Market Reaction - Following the Q2 2024 earnings announcement, Xerox's share price fell by $1.66, or 10.11%, closing at $14.76 per share [6]. - After the Q3 2024 results were disclosed, the share price dropped by $1.79, or 17.41%, closing at $8.49 per share [7].

NEW YORK, Nov. 22, 2024 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Xerox Holdings Corporation (NASDAQ: XRX).Shareholders who purchased shares of XRX during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.CONTACT US HERE:https://securitiesclasslaw.com/securities/xerox-holdings-corporation-loss-submission-form/?id=112972&from=4CLASS PERIOD: J ...

NEW YORK, Nov. 21, 2024 (GLOBE NEWSWIRE) -- Attorney Advertising--Bronstein, Gewirtz & Grossman, LLC, a nationally recognized law firm, notifies investors that a class action lawsuit has been filed against Xerox Holdings Corporation (“Xerox” or “the Company”) (NASDAQ: XRX) and certain of its officers. Class Definition This lawsuit seeks to recover damages against Defendants for alleged violations of the federal securities laws on behalf of all persons and entities that purchased or otherwise acquired Xerox ...

NEW YORK, Nov. 21, 2024 (GLOBE NEWSWIRE) -- Bernstein Liebhard LLP announces that a shareholder has filed a securities class action lawsuit on behalf of investors (the “Class”) who purchased or acquired the securities of Xerox Holdings Corporation (“Xerox” or the “Company”) (NASDAQ: XRX) between January 25, 2024 and October 28, 2024, inclusive. For more information, submit a form at Xerox Holdings Corporation Shareholder Class Action Lawsuit, email Investor Relations Manager Peter Allocco at pallocco@bernli ...

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: 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 following a workforce reduction, lower sell-through rates of older products, and delays in launching key products, which collectively suggest a likely decline in sales and revenue [4]. Group 2: Financial Performance - For Q2 2024, Xerox reported a revenue decline of 12.4% year-over-year to $1.50 billion, with a net loss of $113 million, and equipment sales down 25.8% to $290 million [5]. - In Q3 2024, revenue further decreased by 7.5% year-over-year to $1.53 billion, with a significant net loss of $1.2 billion, and equipment sales declined 12.2% to $339 million [6]. - The company attributed these declines to "lower-than-expected improvements in sales force productivity" and "delays in the global launch of two new products" [6]. Group 3: Market Reaction - Following the Q2 2024 announcement, Xerox's share price fell by $1.66, or 10.11%, closing at $14.76 per share [5]. - After the Q3 2024 results were disclosed, the share price dropped by $1.79, or 17.41%, to close at $8.49 per share [6].

Core Viewpoint - A class action lawsuit has been filed against Xerox Holdings Corporation for allegedly making materially false and misleading statements regarding its business operations and financial performance during the class period from January 25, 2024, to October 28, 2024 [1][5]. Financial Performance - For Q2 2024, Xerox reported a revenue decline of 12.4% year-over-year to $1.50 billion, with a net loss of $113 million, down $184 million year-over-year. Equipment sales fell 25.8% year-over-year to $290 million [3]. - For Q3 2024, Xerox's revenue decreased by 7.5% year-over-year to $1.53 billion, with a significant net loss of $1.2 billion, down $1.3 billion year-over-year. Equipment sales also declined by 12.2% year-over-year to $339 million [4]. Operational Challenges - The company attributed the revenue decline to "geographic simplification" and acknowledged that its "Reinvention" plan initially disrupted sales operations but expected improvements in equipment order momentum [3]. - The COO indicated that lower-than-expected sales force productivity and delays in launching new products contributed to sales underperformance, citing a "forecasting issue" regarding older product sell-through [4]. Allegations in Lawsuit - The lawsuit claims that Xerox failed to disclose several material adverse facts, including disruptions in salesforce productivity due to a workforce reduction and the impact on product launch timelines, which misled investors about the company's operational health and future prospects [5].

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 [1][2]. Allegations - The lawsuit claims that Xerox failed to disclose several critical issues, including a reorganization of its salesforce after a significant workforce reduction, which disrupted productivity [2]. - The company reportedly experienced a lower sell-through rate of older products and delays in launching key new products, leading to anticipated lower sales and revenue [2]. Financial Performance - On October 29, 2024, Xerox disclosed disappointing financial results, including 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 fell by 12.2% year-over-year to $339 million [3]. - Following the announcement, Xerox's share price dropped by $1.79, or 17.41%, closing at $8.49 per share [3]. Legal Proceedings - Shareholders interested in participating in the class action must submit their application to the court by January 21, 2025, to serve as lead plaintiff [4]. - Participation in the case is not required to be eligible for recovery, allowing shareholders to remain absent class members if they choose [4]. Company Background - Robbins LLP, the law firm handling the case, has a history of litigating securities class actions and has recovered over $1 billion for shareholders since its inception [6].

Core Viewpoint - A securities class action lawsuit has been filed against Xerox Holdings Corporation for allegedly making materially false and misleading statements regarding its business operations and prospects during the specified class period from January 25, 2024, to October 28, 2024 [1][2]. Group 1: Allegations of Misleading Statements - The lawsuit claims that Xerox's management failed to disclose significant adverse facts about the company's business, including disruptions in salesforce productivity due to a large workforce reduction and reorganization [2]. - It is alleged that these disruptions led to a lower rate of sell-through of older products and delays in launching key products, which would likely result in lower sales and revenue for the company [2]. - The positive statements made by the defendants regarding the company's business and prospects were deemed materially misleading and lacked a reasonable basis [2]. Group 2: Investor Information - Investors who acquired shares of Xerox during the class period are encouraged to contact the law firm representing the class action before the lead plaintiff motion deadline on January 20, 2025 [3].