Robbins LLP Urges XRX Stockholders with Large Losses to Contact the Firm for information About the Xerox Holdings Corporation Class Action Lawsuit

Core Viewpoint - A class action lawsuit has been filed against Xerox Holdings Corporation for allegedly misleading investors about its business prospects during a specific period in 2024 [1][2]. Group 1: Allegations and Company Performance - The lawsuit claims that Xerox failed to disclose significant issues, including a reorganization of its salesforce after a large workforce reduction, which disrupted productivity and led to lower sales and revenue expectations [2]. - On October 29, 2024, Xerox reported lower-than-expected sales force productivity improvements and delays in launching two new products, resulting in a 7.5% year-over-year decline in quarterly revenue to $1.53 billion and a net loss of $1.2 billion, which was a decrease of $1.3 billion year-over-year [3]. - Equipment sales also saw a decline of 12.2% year-over-year, amounting to $339 million [3]. Group 2: Shareholder Actions - Shareholders interested in participating in the class action must submit their application to serve as lead plaintiff by January 21, 2025 [4]. - It is noted that shareholders do not need to actively participate in the case to be eligible for any potential recovery [4]. Group 3: Legal Representation - Robbins LLP, the law firm handling the case, operates on a contingency fee basis, meaning shareholders will not incur any fees or expenses unless there is a recovery [5]. - The firm has a history of successfully litigating securities class actions and has recovered over $1 billion for shareholders since its inception [5].