2 large firms have kicked off a securities fraud investigation into Xerox's previous Quarterly results misrepresentations.
Should be interesting.
10 replies (most recent on top)
@bb didn’t it delist in first quarter this year?
Nope
Xerox's new worry may be DELISTING.
@a4 they might not be able to get to SB but they can sure as he-l get CB. One word for him is liar. He did it at LEX and now it’s doing it here.
They have it covered, just throw Stevie under the bus, that scoundrel.
Waste of time. I would be cool if there was a way to bankrupt former officers personally. But there is not. Would love to see BS artist SB working in a 7/11.... I cant believe he is employed.
@OP might want to hold off on covering those shorts, it may be going down very low.
All though lawsuits take forever.
@a2 facing investigations by multiple securities law firms—including Levi & Korsinsky, Rosen Law Firm, and Bronstein, Gewirtz & Grossman.
@OP its true. The shareholder investigations examine whether Xerox and its officers/directors made materially false or misleading statements—or failed to adequately disclose rising costs, cash-flow constraints, and asset/goodwill valuations—prior to the October 29, 2026 guidance cuts. This is spiralling now for xerox.
The firm is Smoke and Mirrors llc.