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SHAREHOLDER ALERT: Class Action Lawsuit Filed on Behalf of Xerox Holdings Corporation (XRX) Investors – Holzer & Holzer, LLC Encourages Investors With Significant Losses to Contact the Firm
XRXXerox Holdings(XRX) GlobeNewswire News Room·2024-11-20 17:15

Core Points - A shareholder class action lawsuit has been filed against Xerox Holdings Corporation alleging materially false and misleading statements regarding the company's business and operations [1] - The lawsuit claims that a large workforce reduction led to a reorganization of the salesforce, disrupting productivity and resulting in lower sales and revenue [1] - Specific allegations include a lower rate of sellthrough of older products and delays in launching key products due to difficulties in clearing out older inventory [1] Legal Context - Shareholders who purchased Xerox shares between January 25, 2024, and October 28, 2024, and suffered significant losses are encouraged to discuss their legal rights [2] - The deadline to request to be appointed lead plaintiff in the case is January 20, 2025 [3] - Holzer & Holzer, LLC is representing shareholders and has a history of recovering significant amounts for investors affected by corporate misconduct [3]