Xerox (XRX) shares edged lower in recent pre-market trade after saying the Texas Health and Human Services Commission has replaced the company as Medicaid provider, and as the Texas Attorney General’s office has filed a suit regarding Xerox’ performance.
XRX is trading near the higher end of the 52-week range between $8.63 and $12.65.
“The lawsuit filed today by the Texas Attorney General’s office regarding Xerox’s performance administering the state’s Medicaid orthodontic program is misdirected,” the company said in a statement.
It said the the Medicaid orthodontia program provides disadvantaged children with access to orthodontia procedures such as braces because their families cannot provide this care.
“Unfortunately, this misdirected lawsuit focuses on Xerox rather than on the dentists who took advantage of the program,” the company said. “We have never engaged in fraudulent activity and always operated with complete transparency.”
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