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Xerox Corporation (NYSE:XRX) Investor Alert: Investigation over Securities Laws Violations

An investigation for investors in Xerox Corporation (NYSE:XRX) shares over potential securities laws violations by Xerox Corporation (NYSE:XRX. was announced and Xerox Corporation (NYSE:XRX stockholders should contact the Shareholders Foundation.

FOR IMMEDIATE RELEASE

 
 
mail@shareholdersfoundation.com
mail@shareholdersfoundation.com
PRLog (Press Release) - Sep. 25, 2012 - An investigation on behalf of investors of Xerox Corporation (NYSE:XRX) shares was announced over potential securities laws violations by Xerox Corporation (NYSE:XRX and certain of its directors and officers in connection certain statements.

If you purchased shares of Xerox Corporation (NYSE:XRX), you have certain options and you should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Xerox Corporation (NYSE:XRX) concerning whether a series of statements by Xerox Corporation regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Xerox Corporation reported that its annual Revenue rose from over $15.17 billion in 2009 to over $22.62 billion in 2011, and that its Net Income increased over the same time periods from $485 million to over $1.29 billion.

Shares of Xerox Corporation (NYSE:XRX) grew from as low as $4.28 per share in March 2009 to as high as $12.00 in early December 2011.

On September 4, 2012, an article was published that said that Xerox Corporation and a wholly owned unit of Xerox Corporation that contracted with the U.S. state of Texas to process dental claim forms are being investigated to see if they helped allow dentists to submit higher-than-required bills under the state's Medicaid system.

According to the media report, the Texas Health and Human Services Commission is concerned that the unit did not dedicate sufficient trained staff to audit the Medicaid requests, letting dentists get paid for procedures not covered by the program.

Shares of Xerox Corporation (NYSE:XRX) closed on September 10, 2012 at $7.46 per share

Those who purchased shares of Xerox Corporation (NYSE:XRX) and currently hold those Xerox Corporation shares, may have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

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Contact Email:
***@shareholdersfoundation.com Email Verified
Source:Shareholders Foundation, Inc.
Phone:+1-(858)-779-1554
Address:3111 Camino Del Rio North - Suite 423
Zip:92108
City/Town:San Diego
State/Province:California
Country:United States
Industry:Business, Finance
Tags:Xerox Corporation,
Shortcut:http://prlog.org/11982877
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