Core Viewpoint - Xerox Holdings Corporation is facing a class action lawsuit due to alleged misleading statements and undisclosed issues that negatively impacted its business performance during the specified class period [1][3]. Group 1: Class Action Details - The class action represents investors who purchased Xerox securities between January 25, 2024, and October 28, 2024, with a deadline for filing a lead plaintiff motion set for January 21, 2025 [1]. - Investors are encouraged to contact the Portnoy Law Firm for a complimentary case evaluation and to discuss their legal rights [2]. Group 2: Allegations Against Xerox - The lawsuit claims that Xerox underwent a significant workforce reduction and reorganized its salesforce, which disrupted productivity [3]. - This disruption led to a slower sell-through rate of older products and delayed the launch of critical new products, resulting in anticipated lower sales and revenue [3]. - The defendants' positive statements regarding Xerox's business and future prospects are alleged to be materially misleading and lacking a reasonable basis [3].
Xerox Holdings Corporation Investors: Please contact the Portnoy Law Firm to recover your losses. January 21, 2025 Deadline to file Lead Plaintiff Motion