#United States #New York #Class Action #Levi & Korsinsky #Xerox Holdings

Important Notice for Xerox Investors: Class Action Lawsuit

Levi & Korsinsky, LLP, a renowned law firm specializing in securities litigation, has recently notified investors of Xerox Holdings Corporation (NASDAQ: XRX) regarding an upcoming class action lawsuit. This lawsuit is crucial for any investors who may have incurred losses due to alleged securities fraud within the specified timeframe.

Overview of the Class Action

The class action seeks to recover losses incurred by investors adversely impacted by the company's actions between January 25, 2024, and October 28, 2024. It has been reported that during this period, Xerox's management made misleading claims about business operations and growth prospects following significant changes in its sales structure.

Allegations Against Xerox

According to the complaint, the investors argue that the defendants:
1. Mishandled communication regarding a major workforce reduction, which resulted in disrupted productivity for the salesforce.
2. Introduced structural changes that negatively impacted the sales of older products.
3. Encountered delays in launching key new products due to inefficiencies created by internal reorganizations.
4. Ultimately led to lower sales and revenue than previously forecasted, misleading investors about the company’s performance and future outlook.

This series of events paints a picture of corporate mismanagement and deception that led to financial losses for shareholders, prompting the necessity for legal action to seek restitution.

How to Get Involved

The door to participation in this class action lawsuit will close on January 21, 2025. If you believe you have suffered financial losses as a result of these alleged actions, you are encouraged to reach out for more information or to formally join the class action.

To initiate the process, you can follow this link for further details and reach out to the legal team: Levi & Korsinsky Class Action Submission Form. Inquiries can also be made directly to Joseph E. Levi, Esq. at (212) 363-7500 or via email at [email protected].

No Costs to Participants

It’s important to note that individuals joining this class action lawsuit will not incur any fees or costs. The law firm operates on a contingency basis, meaning compensation is contingent on the successful recovery of damages. Therefore, there is no financial risk involved for participating class members who may stand to benefit significantly from the outcome of this case.

Why Choose Levi & Korsinsky

With over two decades of experience, Levi & Korsinsky has a proven track record, having secured hundreds of millions of dollars for affected shareholders in various high-stakes securities litigations. Recognized multiple times in ISS Securities Class Action Services' Top 50 Report, the firm demonstrates extensive expertise and an unwavering commitment to serving the best interests of investors.

Next Steps

As the deadline approaches, it is imperative for interested investors to act swiftly. If you believe you qualify, don’t hesitate to take action and secure your position in this significant legal endeavor against alleged misrepresentation in corporate governance at Xerox.

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For further questions regarding this lawsuit, you can reach out to Levi & Korsinsky’s office located at 33 Whitehall Street, 17th Floor, New York, NY 10004 or visit their official website at www.zlk.com.