Investors’ Lawsuit Against Xerox Dismissed. (Case: 1:24-cv-08809)

toner · 2025-05-22T15:25:43-04:00

A federal court has dismissed a lawsuit filed by investors against Xerox Holdings Corporation (Case No. 1:24-cv-08809), officially closing the case. The suit was brought in response to Xerox’s April 23, 2024, earnings report, which revealed a 12.4% year-over-year decline in revenue, largely attributed to the company's "geographic simplification" efforts and disruptions in its sales operations. Following the report, Xerox’s stock fell more than 10%, prompting shareholder allegations that the company had misled investors about the projected benefits of its "Reinvention" initiatives launched in 2023–2024. Investors claimed the strategic shift was poorly executed and led to oversimplified offerings and financial underperformance. Despite these claims, the U.S. District Court for the Southern District of New York found insufficient grounds to proceed with the case, resulting in its dismissal. The decision brings an end to the legal dispute and provides Xerox with a measure of legal relief as it continues its corporate restructuring.

Tonernews.com, May 22, 2025. USA

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A federal court has dismissed a lawsuit filed by investors against Xerox Holdings Corporation (Case No. 1:24-cv-08809), officially closing the case. The suit was brought in response to Xerox’s April 23, 2024, earnings report, which revealed a 12.4% year-over-year decline in revenue, largely attributed to the company’s “geographic simplification” efforts and disruptions in its sales operations.

Following the report, Xerox’s stock fell more than 10%, prompting shareholder allegations that the company had misled investors about the projected benefits of its “Reinvention” initiatives launched in 2023–2024. Investors claimed the strategic shift was poorly executed and led to oversimplified offerings and financial underperformance.

Despite these claims, the U.S. District Court for the Southern District of New York found insufficient grounds to proceed with the case, resulting in its dismissal. The decision brings an end to the legal dispute and provides Xerox with a measure of legal relief as it continues its corporate restructuring.
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May 22, 2025 at 3:25 PM

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