HP Board Faces Class Action over Refusal of Xerox Offer

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Xerox’s board of directors faces a number of shareholder lawsuits related to Xerox shareholder Carl Icahn’s purchase of HP shares while knowing Xerox planned to acquire HP. Now, HP’s board faces a class action over the basis of their refusal of Xerox’s offer. On March 18, HP shareholder James R. Gould, Jr., filed a would-be

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