Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Xerox Holdings Corporation regarding a class action lawsuit due to alleged misleading statements and operational disruptions affecting the company's sales and revenue [1][2]. Group 1: Allegations and Impact - The complaint alleges that during the class period from January 25, 2024, to October 28, 2024, Xerox made materially false and misleading statements [2]. - Key allegations include a significant workforce reduction leading to a reorganization of the salesforce, which disrupted productivity and resulted in lower sales and revenue [2]. - The difficulties in selling older products are expected to delay the launch of key new products, further impacting the company's financial performance [2]. Group 2: Class Action Details - Shareholders who purchased shares of Xerox during the specified class period are encouraged to register for the class action, with a deadline for lead plaintiff applications set for January 21, 2025 [3]. - Participants will be enrolled in a portfolio monitoring system to receive updates on the case's progress [3]. - There is no cost or obligation for shareholders to participate in the class action [3].
Lost Money on Xerox Holdings Corporation(XRX)? Join Class Action Suit Seeking Recovery - Contact The Gross Law Firm