Gainey McKenna & Egleston Announces A Class Action Lawsuit Has Been Filed Against Xerox Holdings Corporation (XRX)

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].