Category: Legal Proceedings

This Week in Imaging: Fujifilm Better Off? Latest Xerox-Icahn News; Company Financials, More

Although Fujifilm of Japan clearly isn’t happy that Xerox has called off the merger deal, there’s a good case to......

Xerox Shareholders to Take Aim at Fuji Xerox Contract Provisions for Xerox Sale

By refusing to dismiss their claims against Fujifilm, the law firm states that the Xerox shareholder lead plaintiffs aim to secure a more level playing field for all bidders of Xerox and to help ensure that “Fujifilm will not take further actions to disadvantage Xerox’s shareholders for its own benefit.”

Preliminary Injunction Blocks Proposed Xerox-Fujifilm Deal

Court papers noted: “The lynchpin of the Court’s decision turns on the conduct of Xerox CEO Jeff Jacobson in the time frame preceding the Board’s approval of a transaction that granted control of an American icon company to Fuji without any cash payment by Fuji to Xerox shareholders, and the Board’s acquiescence in Jacobson’s conduct.”

Deason Alleges Xerox CEO Disregarded Board in Pursuing Fujifilm Deal

The battle between Xerox and activist investors Carl Icahn and Darwin Deason has become even more acrimonious, with new amendments to a Deason lawsuit alleging that Xerox CEO Jeff Jacobson pursued a deal with Fujifilm even after Xerox’s board advised him to stop negotiations.