Xerox Holdings(US:XRX) Prnewswireยท2024-12-03 10:45Core Viewpoint - A class action securities lawsuit has been filed against Xerox Holdings Corporation, alleging securities fraud that negatively impacted investors between January 25, 2024, and October 28, 2024 [1][2]. Group 1: Lawsuit Details - The lawsuit claims that Xerox made false statements and concealed critical information regarding the reorganization of its salesforce after a significant workforce reduction, which disrupted productivity [2]. - It is alleged that this disruption led to a lower sell-through rate of older products and delayed the launch of key products, ultimately resulting in lower sales and revenue for the company [2]. - The positive statements made by the defendants about the company's business and prospects were deemed materially misleading and lacked a reasonable basis due to these issues [2]. Group 2: Next Steps for Investors - Investors who suffered losses during the specified timeframe have until January 21, 2025, to request appointment as lead plaintiff, although participation in any recovery does not require serving in this role [3]. - Class members may be entitled to compensation without incurring any out-of-pocket costs or fees, and there is no obligation to participate [3]. Group 3: Firm Background - Levi & Korsinsky, LLP has a strong track record in securities litigation, having secured hundreds of millions of dollars for shareholders over the past 20 years [4]. - The firm has been recognized in ISS Securities Class Action Services' Top 50 Report for seven consecutive years, highlighting its expertise in complex securities litigation [4].