Pomerantz Law Firm Issues Shareholder Alert for Xerox Class Action Lawsuit with Critical Deadlines

Shareholder Alert: Class Action Against Xerox Holdings Corporation

Pomerantz LLP, a prominent law firm known for corporate, securities, and antitrust class litigation, has recently announced the initiation of a class action lawsuit against Xerox Holdings Corporation (NASDAQ: XRX). This legal action stems from allegations of securities fraud and potentially unlawful business practices carried out by Xerox and certain directors and officers within the company.

Key Information for Affected Shareholders

If you are a shareholder affected by this situation, it is crucial to reach out to Pomerantz during this essential period. Shareholders who acquired Xerox securities during the designated class period are urged to contact Danielle Peyton at [email protected] or call 646-581-9980 (toll-free 888.4-POMLAW). Communication via email should include your mailing address, telephone number, and details of shares purchased to facilitate proper handling of your case.

Upcoming Deadlines

Be aware that the deadline to request the Court to appoint you as Lead Plaintiff is set for January 18, 2025. Interested investors should not delay in seeking membership in this class action, as it may represent a pivotal opportunity to reclaim losses associated with their investments in Xerox.

Background of the Lawsuit

Xerox has faced significant financial challenges, notably disclosing a staggering 12.4% decrease in revenue year-over-year, dropping to $1.50 billion for the second quarter of 2024. Consequently, the company reported a net loss of $113 million, which is a decline of $184 million from the previous year. Moreover, equipment sales saw a substantial drop of 25.8%, amounting to $290 million.

In context, the company attributed this downturn partially to its