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MATTER OF XEROX CORP. LITIG.

Docket No. 650766/18. Motion Seq. No. 001.

61 Misc.3d 176 (2018)

76 N.Y.S.3d 759

2018 NY Slip Op 30746(U)

In the Matter of XEROX CORPORATION CONSOLIDATED SHAREHOLDER LITIGATION.

Supreme Court, New York County.

Decided April 27, 2018.

Attorney(s) appearing for the Case

King & Spalding, New York City ( Richard T. Marooney Jr. , Robert Meadows and Israel Dahan of counsel), Bernstein Litowitz Berger & Grossman LLP, New York City ( Abraham Alexander of counsel), and Grant & Eisenhofer P.A., New York City ( James J. Sabella of counsel), for plaintiffs.

Morrison & Foerster, New York City ( James E. Hough and Erik J. Olson of counsel), for Fujifilm Holdings Corp., defendant.

Paul, Weiss, Rifkind, Wharton & Garrison, LLP, New York City ( Jay Cohen , Jaren Elizabeth Janghorbani and Daniel J. Toal of counsel), for Xerox Corp. Board of Directors, defendant.

OPINION OF THE COURT

This case involves a transaction approved by the Xerox Corp. Board of Directors on January 31, 2018, pursuant to which Fujifilm Holdings Corp. will acquire a 50.1% controlling interest in Xerox. Fuji and Xerox have long been involved in a complex, interlocking joint venture called Fuji Xerox Ltd...

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