Xerox Investors Encouraged to Join Securities Class Action by Rosen Law Firm
Stamford, Saturday, 4 January 2025.
Rosen Law Firm urges Xerox investors to join a securities class action by January 21, 2025, addressing claims of misleading statements affecting sales and revenue.
Class Action Details and Timeline
The securities class action concerns Xerox Holdings Corporation (NASDAQ: XRX) investors who purchased securities during a specific period between January 25, 2024, and October 28, 2024 [1][2]. The lawsuit alleges that Xerox made misleading statements regarding their workforce reduction and salesforce reorganization during this period [1]. With a rapidly approaching deadline of January 21, 2025, for lead plaintiff applications [1][2], investors have a limited window to join the class action.
Core Allegations
The lawsuit centers on serious allegations about Xerox’s business operations. According to the filed complaint, the company allegedly made false statements concerning salesforce productivity, product sell-through rates, and expected revenue impacts [2]. These issues reportedly led to disruptions in salesforce productivity and delays in product launches, ultimately affecting the company’s sales and revenue projections [1]. When these details emerged in the market, investors allegedly suffered significant damages [1][2].
Legal Representation and Participation
Rosen Law Firm, which has established its credentials by achieving the largest ever securities class action settlement against a Chinese company [1], is offering representation through a contingency fee arrangement, meaning investors can seek compensation without upfront costs [1][2]. Interested investors can join the class action through the firm’s website or by contacting Phillip Kim, Esq. directly at 866-767-3653 [1]. As of January 3, 2025, no class has been certified in this litigation [1], making it crucial for investors to secure their own legal representation to participate in the proceedings.