Xerox Holdings Corporation Investors: Please contact the Portnoy Law Firm to recover your losses. January 21, 2025 Deadline to file Lead Plaintiff Motion
Investors can contact the law firm at no cost to learn more about recovering their losses
LOS ANGELES, Dec. 03, 2024 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Xerox Holdings Corporation ("Xerox" or the "Company") (NASDAQ: XRX) investors of a class action representing investors that bought securities between January 25, 2024 and October 28, 2024, inclusive (the "Class Period"). Xerox investors have until January 21, 2025 to file a lead plaintiff motion.
Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 310-692-8883 or email: lesley@portnoylaw.com, to discuss their legal rights, or click here to join the case. The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors’ options for pursuing claims to recover their losses.
The lawsuit claims that during the Class Period, the defendants made false and/or misleading statements and/or failed to disclose the following: (1) following a significant reduction in workforce, Xerox reorganized its salesforce with new territory assignments and account coverage; (2) this restructuring disrupted the productivity of Xerox’s salesforce; (3) as a result, Xerox experienced a slower rate of sell-through of older products; (4) the challenges in clearing out older products would delay the launch of critical new products; (5) this would likely lead to lower sales and revenue for Xerox; and (6) as a result of these issues, the defendants’ positive statements regarding Xerox’s business, operations, and future prospects were materially misleading and/or lacked a reasonable basis. When the true facts became known, the lawsuit alleges that investors suffered damages.
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The Portnoy Law Firm represents investors in pursuing claims against caused by corporate wrongdoing. The Firm’s founding partner has recovered over $5.5 billion for aggrieved investors. Attorney advertising. Prior results do not guarantee similar outcomes.
Lesley F. Portnoy, Esq.
Admitted CA and NY Bar
lesley@portnoylaw.com
310-692-8883
www.portnoylaw.com
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