Important Deadline for Xerox Holdings Corporation Investors Regarding Class Action Lawsuit

Attention Xerox Holdings Corporation Investors

Xerox Holdings Corporation (NASDAQ: XRX) is currently embroiled in a class action securities lawsuit, and if you are an investor, it is crucial that you take action before the approaching deadline of January 21, 2025. Levi & Korsinsky, LLP, a law firm recognized for representing aggrieved shareholders, has announced the details of the lawsuit and is calling on investors affected by the alleged securities fraud to come forward.

Class Action Details

The class action lawsuit aims to recover losses for investors who were impacted by a series of misleading statements issued by Xerox Holdings over a specific period, notably between January 25, 2024, and October 28, 2024. According to the claims presented in the filed complaint, the company allegedly made misrepresentations concerning its operational effectiveness and business prospects.

Key Allegations

The lawsuit centers around several critical allegations:
1. Salesforce Disruption: Following significant workforce reductions, Xerox's salesforce underwent reorganization, which disrupted productivity.
2. Lower Product Sell-Through: As a result of these disruptions, the company reportedly experienced a decline in the rate at which older products were sold.
3. Launch Delays: Furthermore, the challenges associated with depleting older product inventory have allegedly delayed critical product launches.
4. Projected Revenue Decrease: These issues collectively suggest an impending downturn in sales and revenue for Xerox Holdings, contradicting earlier optimistic statements made by the company's leadership.

Next Steps for Affected Investors

If you incurred losses from your investment in Xerox during the aforementioned period, it is advisable to act promptly. Investors have until January 21, 2025, to request that the court appoint them as lead plaintiffs in the case, although participation as a lead plaintiff is not a prerequisite to be eligible for recovery.

No Costs Incurred

Importantly, investors can engage with the lawsuit at no financial risk. If you are identified as a class member, you could potentially receive compensation without out-of-pocket expenses. Levi & Korsinsky works on a contingency basis, ensuring that there are no costs or obligations for you to participate in this legal action.

Why Choose Levi & Korsinsky?

With a remarkable track record of securing hundreds of millions of dollars for shareholders over the past two decades, Levi & Korsinsky stands out as a leading securities litigation firm in the United States. The firm boasts a dedicated team of over 70 professionals specialized in complex securities litigation, consistently ranked among the top firms by reputable industry reports. They aim to provide robust representation and support to all clients involved in this matter.

How to Get In Touch

For more details about the lawsuit or to discuss your options, shareholders can contact Joseph E. Levi, Esq. at Levi & Korsinsky, LLP. You can reach him via email at jlevi@zlk.com or by phone at (212) 363-7500.

Investors wishing to submit a claim or receive additional information can also follow the link provided here.

In this period of uncertainty, safeguarding your rights as a shareholder is imperative. Don’t let the opportunity for recovery pass by; make sure to act before the deadline.