Update of Xerox & Fujifilm’s $1 Billion Lawsuit

Originally published at wirthconsulting.

Judge Blasts Xerox, Refuses to Dismiss Fujifilm’s $1 Billion Lawsuit

February 23rd, a Manhattan federal judge rejected Xerox’s request to dismiss Fujifilm’s $1 billion lawsuit against Xerox, stating that one of Xerox’s arguments was “thoroughly unpersuasive” and another “flies in the face” of the terms of the now terminated merger agreement.

Xerox and Fujifilm had agreed to a complicated merger in January 2018 before the Xerox board reversed its decision after legal action by billionaire activist investors Carl Icahn and Darwin Deason, who said the deal undervalued Xerox.

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