Xerox Spinoff Reaches $32M Deal In Securities Class Suit
By Bill Wichert ( December 2, 2022, 5:45 PM EST) -- A Xerox spinoff has agreed to pay $32 million to resolve securities class claims alleging it misled shareholders about the company's progress in making information technology upgrades related to its electronic toll collection business, investors told a New Jersey federal court Friday in seeking preliminary approval of the deal....
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