A securities class action has been filed in the USDC — S.D.N.Y. against Xerox Holdings Corporation (XRX) (“Xerox” or the “Company”), on behalf of all persons or entities that purchased or otherwise acquired Xerox securities between January 25, 2024, and October 28, 2024, both dates inclusive (the “Class Period”).

Xerox and its subsidiaries offer workplace technology that integrates hardware, services, and software for enterprises in the Americas, and internationally.

The complaint alleges Defendants failed to disclose to investors:

(1) that, after a large workforce reduction, the Company’s salesforce was reorganized with new territory assignments and account coverage;

(2) that, as a result, the Company’s salesforce productivity was disrupted;

(3) that, as a result, the Company had a lower rate of sell-through of older products;

(4) that the difficulties in flushing out older product would delay the launch of key products;

(5) that, as a result, Xerox was likely to experience lower sales and revenue; and

(6) that, as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis, thereby harming investors.

If you purchased Xerox securities during the class period and would like to receive more information or join the action, please enter your contact information below for a FREE consultation and click “Submit Your Information.”

About Lowey Dannenberg

Lowey Dannenberg is a national firm representing institutional and individual investors, who suffered financial losses resulting from corporate fraud and malfeasance in violation of federal securities and antitrust laws. The firm has significant experience in prosecuting multi-million-dollar lawsuits and has previously recovered billions of dollars on behalf of investors.