Glancy Prongay & Murray LLP Commences Investigation on Behalf of Xerox Corporation Investors
October 27 2016 - 10:30AM
Business Wire
Investors with over $100,000 in losses are encouraged to contact
the Firm
Glancy Prongay & Murray LLP (“GPM”) announces an
investigation on behalf of Xerox Corporation (“Xerox”) or the
“Company”) (NYSE: XRX) concerning the Company and its officers’
possible violations of federal securities laws.
On October 26, 2015, Xerox disclosed disappointing third quarter
2015 financial results, citing lost revenues in its much-touted
Health Enterprise segment, including from the termination of
certain Health Enterprise projects in California and Montana.
According to Xerox, the loss of these contracts would result in
lower revenues in each of the next three quarters. Additionally,
the Company announced plans for a strategic review of the Company's
business portfolio.
On this news, shares of Xerox fell to approximately $9 per share
on October 27, 2015.
If you purchased Xerox securities, have information or would
like to learn more about these claims, or have any questions
concerning this announcement or your rights or interests with
respect to these matters, please contact Lesley Portnoy, Esquire,
of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California
90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to
shareholders@glancylaw.com, or visit our website at
http://www.glancylaw.com. If you inquire by email please include
your mailing address, telephone number and number of shares
purchased.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and ethical rules.
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version on businesswire.com: http://www.businesswire.com/news/home/20161027006008/en/
Glancy Prongay & Murray LLP, Los Angeles/New YorkLesley
Portnoy, 310-201-9150 or
888-773-9224shareholders@glancylaw.comwww.glancylaw.com
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