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].
ROSEN, NATIONAL TRIAL LAWYERS, Encourages Xerox Holdings Corporation. Investors to Secure Counsel Before Important Deadline in Securities Class Action - XRX