#USA #New York #Class Action #Levi & Korsinsky #Xerox Holdings

Class Action Lawsuit Filed Against Xerox Holdings Corporation

Recently, Levi & Korsinsky, LLP has brought attention to a class action lawsuit concerning Xerox Holdings Corporation, a company traded on NASDAQ under the ticker XRX. This lawsuit aims to represent investors adversely impacted by alleged securities fraud during a specified period from January 25, 2024, to October 28, 2024.

Case Overview

The class action lawsuit is grounded in assertions that Xerox Holdings Corporation misled its investors through false statements and omissions of critical information. Specifically, the lawsuit alleges several troubling claims:
1. Reorganization Issues: Following a significant downsizing of its workforce, Xerox underwent a reorganization of its salesforce, which disrupted productivity, leading to struggles in maintaining sales performance.
2. Sales Performance: As a fallout of the above reorganization, the productivity of the sales team saw a marked decline, which subsequently hindered the company's ability to sell older products efficiently.
3. Product Launch Delays: Delays in clearing out old inventory have reportedly pushed back the launch of crucial new products, further jeopardizing the company’s revenue-generating potential.
4. Misleading Statements: Due to these circumstances, the company's previously posted positive outlook regarding business and operational effectiveness was deemed materially misleading.

Important Information for Investors

Xerox shareholders who faced any financial loss during the class period have until January 21, 2025, to formally request to be designated as lead plaintiff in this case. It's important to highlight that participation in any potential recovery does not hinge on serving as a lead plaintiff.

Additionally, class members may receive compensation without upfront costs or the need to pay legal fees, making this an accessible option for affected shareholders.

Why Choose Levi & Korsinsky?

The law firm, Levi & Korsinsky, boasts over two decades of experience in achieving significant settlements for shareholders in complex securities cases. With a track record that includes securing hundreds of millions of dollars, they are recognized among the top U.S. securities litigation firms, having been featured consecutively in ISS Securities Class Action Services’ Top 50 Report.

Joseph E. Levi, Esq., and Ed Korsinsky, Esq., are leading the charge for affected Xerox shareholders. Investors are encouraged to get in touch directly for more information or for assistance regarding the lawsuit.

Contact Information

• - Levi & Korsinsky, LLP

33 Whitehall Street, 17th Floor
New York, NY 10004
Email: [email protected]
Phone: (212) 363-7500

As this class action moves forward, it is crucial for shareholders of Xerox Holdings Corporation to stay informed regarding their rights and the actions they can take to protect their investments.