ATLANTA, Nov. 20, 2024 (GLOBE NEWSWIRE) -- A shareholder class action lawsuit has been filed against Xerox Holdings Corporation (“Xerox” or “the Company”) (NASDAQ: XRX). The lawsuit alleges that Defendants made materially false and/or misleading statements, and/or failed to disclose material adverse facts about the Company’s business, operations, and prospects, including allegations that: (1) after a large workforce reduction, Xerox’s salesforce was reorganized with new territory assignments and account coverage; (2) as a result, the Company’s salesforce productivity was disrupted; (3) as a result, Xerox had a lower rate of sell-through of older products; (4) the difficulties in flushing out older product would delay the launch of key products; and (5) as a result, Xerox was likely to experience lower sales and revenue.
If you bought shares of Xerox between January 25, 2024 and October 28, 2024, and you suffered a significant loss on that investment, you are encouraged to discuss your legal rights by contacting Corey D. Holzer, Esq. at cholzer@holzerlaw.com, by toll-free telephone at (888) 508-6832 or you may visit the firm’s website at www.holzerlaw.com/case/xerox/ to learn more.
The deadline to ask the court to be appointed lead plaintiff in the case is January 20, 2025.
Holzer & Holzer, LLC, an ISS top rated securities litigation law firm for 2021, 2022, and 2023, dedicates its practice to vigorous representation of shareholders and investors in litigation nationwide, including shareholder class action and derivative litigation. Since its founding in 2000, Holzer & Holzer attorneys have played critical roles in recovering hundreds of millions of dollars for shareholders victimized by fraud and other corporate misconduct. More information about the firm is available through its website, www.holzerlaw.com, and upon request from the firm. Holzer & Holzer, LLC has paid for the dissemination of this promotional communication, and Corey Holzer is the attorney responsible for its content.
CONTACT:
Corey Holzer, Esq.
(888) 508-6832 (toll-free)
cholzer@holzerlaw.com
