Kirby McInerney LLP Announces Investigation of Shareholder Claims Against Xerox Holdings Corporation (XRX)

Business Wire 6-Nov-2024 5:08 PM

The law firm of Kirby McInerney LLP is investigating potential claims against Xerox Holdings Corporation ("Xerox" or the "Company") (NASDAQ: XRX). The investigation concerns whether Xerox and/or certain of its officers have violated the federal securities laws and/or engaged in other unlawful business practices.

[Click here to learn more about the investigation]

On October 29, 2024, Xerox released its third quarter 2024 financial results, missing consensus estimates and lowering guidance, citing "the delayed global launch of two new products and lower-than-expected improvements in sales force productivity" and "to a lesser extent, delays in the implementation of certain cost reduction initiatives to 2025." On this news, the price of Xerox's shares declined by $1.79 per share, or approximately 17.4%, from $10.28 per share on October 28, 2024 to close at $8.49 per share on October 29, 2024.

If you purchased or otherwise acquired Xerox securities, have information, or would like to learn more about this investigation, contact Thomas W. Elrod of Kirby McInerney LLP by email at investigations@kmllp.com, or by filling out this CONTACT FORM, to discuss your rights or interests with respect to these matters without any cost to you.

Kirby McInerney LLP is a New York-based plaintiffs' law firm concentrating in securities, antitrust, whistleblower, and consumer litigation. The firm's efforts on behalf of shareholders in securities litigation have resulted in recoveries totaling billions of dollars.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

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