Xerox Holdings Corporation Sued for Securities Law Violations – Investors Should Contact Levi & Korsinsky for More Information – XRX

Core 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: Allegations of the Lawsuit - The lawsuit claims that Xerox made false statements and concealed critical information regarding the reorganization of its salesforce after a significant workforce reduction [2]. - It is alleged that the reorganization disrupted salesforce productivity, leading to a lower sell-through rate of older products [2]. - The difficulties in clearing out older products are said to have delayed the launch of key new products, which is expected to result in lower sales and revenue for the company [2]. - The positive statements made by the defendants about the company's business and prospects are claimed to be materially misleading and lacking a reasonable basis [2]. Group 2: Next Steps for Affected Investors - Investors who suffered losses during the specified timeframe have until January 21, 2025, to request to be appointed as lead plaintiff in the lawsuit [3]. - Participation in the lawsuit does not require investors to incur 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 as one of the top securities litigation firms in the United States for seven consecutive years [4].