NEW YORK, Dec. 2, 2016 /PRNewswire/ -- 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.
CONTACT:
Vincent Wong, Esq.
39 East Broadway
Suite 304
New York, NY 10002
Tel. 212.425.1140
Fax. 866.699.3880
E-Mail: vw@wongesq.com
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SOURCE The Law Offices of Vincent
Wong