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XRX.US
id: 1399

Xerox Holdings (XRX) Product Launch Delays Case

S.D. New York
Court
1:24-cv-08809
Case number
01/25/2024
Class period Start
10/28/2024
Class period End
01/18/2025
Lead Plaintiff motion deadline
  • $XRX stockholders filed a claim against Xerox Holdings Corporation for misleading investors about the impact of its workforce reorganization and sales disruptions on its financial performance.
  • Following disclosures of delayed product launches and reduced sales, $XRX dropped by 10.11% on April 23, 2024, and by 17.41% on October 29, 2024.
  • Xerox investors can join this case to be notified about potential recovery.
Case Details:

Between January 25, 2024, and October 28, 2024, Xerox repeatedly assured investors that its "Reinvention" plan, involving a major workforce restructuring and product realignment, would improve its financial performance.

However, on April 23, 2024, Xerox reported a 12.4% year-over-year revenue decline, citing "geographic simplification" and acknowledging disruptions to sales operations.

This caused a 10.11% $XRX drop.

Later, on October 29, 2024, Xerox revealed lower-than-expected salesforce productivity and delays in the global launch of two new products.
This news led to a 17.41% $XRX drop.

Based on these events, $XRX shareholders filed a claim against Xerox, accusing the company of:
  • It failed to disclose the negative impact of salesforce reorganization and product delays.
  • It misled investors about the expected benefits of its "Reinvention" strategy.
  • It provided overly optimistic financial forecasts despite known operational challenges.
Investors allege that Xerox’s misleading statements and omissions led to significant financial losses.
Case Status
Lead Plaintiff Submission
Alleged Offence
Misleading Statements, 
Fraud, 
Failure to Disclose
Suspected Party
Directors, 
Management
Security Type
Stocks
Trade Direction
Long
Shock Event Date
10/29/2024
Filing date
11/19/2024
Lead Plaintiff Deadline
01/18/2025
Collecting participants…