Levi & Korsinsky Appointed Lead Counsel in Xerox Class Action
News Page
Published February 26, 2025
On February 18, 2025, Hon. Dale E. Ho appointed nationally-recognized securities law firm Levi & Korsinsky as lead counsel in a class-action lawsuit against Xerox Holdings.
Judge Ho selected Richard A. Harrison as lead plantiff in the case and Levi & Korskinsy as Harrison's counsel.
The lawsuit alleges Xerox misled investors about the financial benefits of the Company's "Reinvention" initiatives which Xerox underwent in 2023-2024. The Reinvention was meant to streamline Xerox's product offerings and create "operating efficiencies" to improve the Company's bottom line. In reality, initiatives caused a 12.4% revenue reduction because the Revention was disruptive to the Company and over-simplified Xerox's offerings.
The case is designated Wilson v. Xerox Holdings Corp.,, 1:24-cv-08809. A copy of the order can be found here.