XRX SHAREHOLDER ALERT: The Law Offices of Vincent Wong Reminds Investors of a Class Action Involving Xerox Corp. & a Lead Pla...
December 07 2016 - 10:43AM
Business Wire
The Law Offices of Vincent Wong announce that a class action
lawsuit has been commenced in the USDC for the Southern District of
New York on behalf of investors who purchased Xerox Corporation
(NYSE: XRX) securities between April 23, 2012 and October 23,
2015.
Click here to learn about the case:
http://www.wongesq.com/pslra/xerox-corporation. There is no
cost or obligation to you.
According to the complaint, during the Class Period the Company
violated securities laws by failing to disclose that: (a) the
Company’s existing Health Enterprise projects were experiencing
major delays and cost overruns; and (b) the Company would be unable
to deliver Health Enterprise implementations at sustainable
profits.
On October 26, 2015, Xerox released third quarter 2015 financial
results that missed analysts’ estimates due in part to a $385
million pre-tax charge and lost revenues relating to assets and
unrecoverable costs associated with its Health Enterprise
implementation projects and the termination of Health Enterprise’s
California and Montana projects. Following this news, shares of
Xerox fell from a class period high of $13.57 per share on December
5, 2014, to a close of $9.01 per share on October 27, 2015.
If you suffered a loss in Xerox you have until December 23, 2016
to request that the Court appoint you as lead plaintiff. Your
ability to share in any recovery doesn’t require that you serve as
a lead plaintiff. To obtain additional information, contact Vincent
Wong, Esq. either via email vw@wongesq.com, by telephone at
212.425.1140, or visit
http://www.wongesq.com/pslra/xerox-corporation.
Vincent Wong, Esq. is an experienced attorney that has
represented investors in securities litigations involving financial
fraud and violations of shareholder rights. Attorney advertising.
Prior results do not guarantee similar outcomes.
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version on businesswire.com: http://www.businesswire.com/news/home/20161207005828/en/
The Law Offices of Vincent WongVincent Wong, Esq.Tel.
212.425.1140Fax. 866.699.3880vw@wongesq.com
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