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 ...

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 ...