This class action was filed on behalf of all persons who were participants in or beneficiaries of the Xerox Corporation Profit Sharing and Savings Plan ("Plan"), excluding the Defendants, at any time from February 15, 1998, to the present (the "Class Period"), and who made or maintained investments in the Xerox Stock Fund.
The Complaint alleges that during the Class Period the defendants breached their fiduciary duties when they were made aware of numerous facts that made Xerox stock an inappropriate Plan investment during the Class Period. The fiduciaries failed in their duty to disclose and inform the 401(k) participants regarding this information. Instead they encouraged participants and beneficiaries of the Plan to continue to make and maintain substantial investments in the Plan.
If you feel you qualify for damages or remedies that might be awarded in this class action please fill in our form on the right to submit your complaint.
If your injustice does not match the complaint described above, please use this form to register your complaint. Thank you.
