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SAN DIEGO, Dec. 26, 2024 (GLOBE NEWSWIRE) -- Robbins LLP reminds investors that a class action was filed on behalf of all persons and entities that purchased or otherwise acquired Xerox Holdings Corporation (NASDAQ: XRX) securities between January 25, 2024 and October 28, 2024. Xerox and its subsidiaries offer workplace technology that integrates hardware, services, and software for enterprises in the Americas, and internationally. For more information, submit a form , email attorney Aaron Dumas, Jr., or give us a call at (800) 350-6003. The Allegations: Robbins LLP is Investigating Allegations that Xerox Holdings Corporation (XRX) Misled Investors Regarding its Business Prospects According to the complaint, during the class period, defendants failed to disclose to investors that: (1) after a large workforce reduction, the Company’s salesforce was reorganized with new territory assignments and account coverage; (2) as a result, the Company’s salesforce productivity was disrupted; (3) as a result, the Company had a lower rate of sell-through of older products; (4) the difficulties in flushing out older product would delay the launch of key products; and (5) therefore, Xerox was likely to experience lower sales and revenue. Plaintiff alleges that on October 29, 2024, Xerox revealed “lower-than-expected improvements in sales force productivity” and “delays in the global launch of two new products” had led to “sales underperformance.” The Company disclosed that for third quarter 2024, quarterly revenue was down 7.5% year-over-year to $1.53 billion, net loss fell to -$1.2 billion (down $1.3 billion year-over-year), and equipment sales declined 12.2% year over year to $339 million. In a corresponding earnings call, the Company’s COO revealed the product delay was in fact a “forecasting issue” where the Company “had higher expectations that we were going to flush through the older product” which it needed to “sell through” in order to “make those transitions.” On this news, the Company’s share price fell $1.79, or 17.41%, to close at $8.49 per share on October 29, 2024. What Now : You may be eligible to participate in the class action against Xerox Holdings Corporation. Shareholders who want to serve as lead plaintiff for the class must submit their application to the court by January 21, 2025. A lead plaintiff is a representative party who acts on behalf of other class members in directing the litigation. You do not have to participate in the case to be eligible for a recovery. If you choose to take no action, you can remain an absent class member. For more information, click here . All representation is on a contingency fee basis. Shareholders pay no fees or expenses. About Robbins LLP : Some law firms issuing releases about this matter do not actually litigate securities class actions; Robbins LLP does. A recognized leader in shareholder rights litigation, the attorneys and staff of Robbins LLP have been dedicated to helping shareholders recover losses, improve corporate governance structures, and hold company executives accountable for their wrongdoing since 2002. Since our inception, we have obtained over $1 billion for shareholders. To be notified if a class action against Xerox Holdings Corporation settles or to receive free alerts when corporate executives engage in wrongdoing, sign up for Stock Watch today. Attorney Advertising. Past results do not guarantee a similar outcome. A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/513fb6e4-a34e-4150-8fe5-2c133087d380
Mind the Gap: Six Tips to Assess Your Healthcare Coverage Before the New YearThe story of Operation Holiday began 34 years ago in Pottstown with The Mercury and the newspaper’s leadership goal of giving something meaningful to children whose families were struggling financially. Since its beginning, the program has grown to include The Times Herald , The Reporter , Daily Local News and Reading Eagle , allowing us to serve more children in more towns throughout Montgomery, Berks and Chester counties. We’ve also learned ways to better serve those we are helping, providing gift cards earlier in December to give families the opportunity to buy what their children need or want. During the 2020-21 pandemic, we suspended our previous practice of packing boxes of food and switched to grocery gift cards, a decision that our partner agencies have told us is appreciated. Families are able to buy holiday foods that they enjoy — their choices, not ours. Our program has grown in fundraising as you, our readers, have continued to respond with overwhelming generosity. Last year, we raised just over $90,000. We provided $100 gift cards to 419 children and $200 grocery gift cards to 184 families. We also made cash donations to eight area food pantries so that shelves would remain stocked with food during the winter months when donations are typically low and demand typically high. As we begin this year’s campaign, we are acutely aware of the need in the world around us from devastating storms to ongoing humanitarian crises from war. But we maintain as a priority our close relationship to the communities we serve. We have seen the rise in food prices, rent and child care costs that have created extreme difficulty for working poor families in our towns. Our focus is local to help the families who live in our communities — those struggling to keep a roof over their heads and food to eat. The mission of Operation Holiday is to give children in difficult circumstances some semblance of a normal Christmas with food and gifts. Our list this year includes 189 families and 366 children referred by our partner nonprofit agencies. There is no overhead with Operation Holiday. Funds are collected and audited in a nonprofit foundation account managed by staff members of MediaNews Group who volunteer their time. Nineteen partner agencies assist with identifying families in need and distributing gift cards that we provide. Business partnerships with Weis Markets, Redner’s and Boscov’s make the dollars we collect go further. All gifts stay local, assisting families in the communities where we do business and where our readers live and work. The project is truly one that connects people, neighbor to neighbor, from those who give to those in need. Our donations are from individuals, families, businesses, churches and organizations. We are not funded or supported by nonprofit foundations or corporations. Today begins our fundraising campaign to bring a smile to a child’s face, to help a local family have food to eat, and to give back with the blessings that grace our lives this holiday season. Join us in this local endeavor with your gift to Operation Holiday. Online donations are being accepted in a secure portal in partnership with TriCounty Community Network. Visit https://tcnetwork.org/ and click on the link for Operation Holiday. Contributions can be mailed with checks payable to Operation Holiday to PO Box 1181, Pottstown PA 19464; The Reporter, 34 Susquehanna Ave., Suite 100, Lansdale PA 19446; Operation Holiday, 1440 Lacrosse Ave., Reading, PA 19607.LOS ANGELES — Matthew Stafford speaks about it often this time of year. The beauty of meaningful football in December. How invigorating it is. How it can’t be taken for granted. If anyone would know, it would be Stafford. Prior to his trade to the Rams before the 2021 season, Stafford’s teams didn’t often have things at stake by the time the calendar turned to the 12th month. He made the playoffs three times in 12 years with the Detroit Lions, and in the down years his team often wasn’t even in the hunt. But in the thick of his third December with the Rams – he missed the final month of 2022 with injuries – Stafford has continued to thrive as the weather gets colder. With four straight wins to start the month, Stafford has improved to 12-1 in December during his Rams tenure, with the chance to improve on that in Saturday night’s game against the Arizona Cardinals. “It’s nice to be on a little bit of a run right now. The cool thing about this group is we know that we earn every single bit of it,” Stafford said. “We don’t win the next game because we’ve won however many times before it. You don’t lose the next game because you had a hiccup the week before, whatever it is. You have to go out there and earn it every single week.” Stafford has completed 67% of his 100 passes this month for 773 yards, five touchdowns and one interception. That improves his overall December stats with the Rams (9-6) to a 66.8% completion rate for 3,272 yards, 25 touchdowns and seven interceptions. The only December loss for Stafford with the Rams came last season in a road game against the Baltimore Ravens that went to overtime and ended with a 76-yard punt return for a touchdown . Aside from that fluky result, a clean record. “He’s just clutch,” head coach Sean McVay said. “The best part about Matthew Stafford is he’s got all these amazing numbers and stats that he’s put up and he’s this special quarterback; he wants to win. And I think he understands what it takes, especially in that month when that’s such a critical time to be able to peak at the right time if you’re gonna get an opportunity to get into the tournament.” A moment that stood out to McVay this month came during the Rams’ final drive in a Week 15 win at San Francisco . After the two-minute warning and in 49er territory, leading by three and trying to add more to the scoreboard, Stafford stood in the shotgun formation with an empty backfield. He sent receiver Cooper Kupp in motion, which pulled defensive backs Talanoa Hufanga and Deommodore Lenoir across the field and away from tight end Colby Parkinson. The play wasn’t designed to go to Parkinson, but Stafford recognized the open man and found Parkinson on a seam route for a 14-yard gain. The play got the Rams a fresh set of downs to burn the 49ers’ timeouts and some clock, too, and put the team comfortably into Joshua Karty’s field goal range to add three extra points. “We’ve done a really nice job, especially as of late, just understanding that it’s really more about us than anything else,” Stafford said. “We go out there, we play the way we know how to play, do the things that we’re supposed to do and know how to play the game of football. It’s just whoever’s next up just happens to be. We’ve taken that approach as of late and it’s been a really good outcome for us.” Havenstein sits out practice Rams right tackle Rob Havenstein typically gets a veteran rest day on Fridays at this point in the season, or in this case with a Saturday game, on Thursday. But after injuring his shoulder in practice on Wednesday, Havenstein wouldn’t have been able to practice Thursday if he wanted to, McVay said. Asked if Havenstein will be able to play on Saturday, McVay said, “I’m hopeful. We’ll see.” But if Havenstein isn’t able to play, the Rams will turn to Joe Noteboom to fill in over second-year tackle Warren McClendon Jr.