Xerox Investors May Lead Class Action Over Alleged Securities Fraud

LOS ANGELES, Dec. 26, 2024 /PRNewswire/ — The Law Offices of Frank R. Cruz has announced that investors who incurred significant losses have a chance to lead a class action lawsuit against Xerox Holdings Corporation (“Xerox” or the “Company”) XRX.

Class Period: January 25, 2024 – October 28, 2024
Lead Plaintiff Deadline: January 21, 2025

Shareholders who experienced a loss should click here to participate.

The complaint alleges that during the Class Period, Defendants did not inform investors that: (1) following a significant workforce reduction, the salesforce was reorganized with new sales territories; (2) this reorganization disrupted salesforce productivity; (3) disruption led to a decline in the sell-through rate of older products; (4) challenges in managing older products would postpone the release of key new products; (5) these issues would likely result in lower sales and revenue for the Company; and (6) Defendants’ optimistic views about Xerox’s business, operations, and future were misleading and unsupported.

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You do not need to take any actions to be part of this class action. You can either keep your current lawyer or choose not to take any action and remain an absent member. To find out more about this case, or for questions regarding your rights in connection with this lawsuit, please reach out to Frank R. Cruz at The Law Offices of Frank R. Cruz, located at 2121 Avenue of the Stars, Suite 800, Century City, California 90067 by calling 310-914-5007, emailing info@frankcruzlaw.com, or visiting www.frankcruzlaw.com. Please include your mailing address, phone number, and number of shares purchased when you contact us via email.

This announcement may be classified as Attorney Advertising in some jurisdictions based on local law and ethical rules.

Contacts

The Law Offices of Frank R. Cruz, Los Angeles
Frank R. Cruz, 310-914-5007
fcruz@frankcruzlaw.com
www.frankcruzlaw.com

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SOURCE The Law Offices of Frank R. Cruz, Los Angeles