Xerox Shareholder Wins Appeal, Case Remanded Back to State Court


A couple of years ago, Xerox made a bid to acquire HP. The acquisition attempt ultimately failed, but it sparked certain Xerox shareholders to file two separate shareholder derivative lawsuits against Xerox’s board of directors; Carl Icahn, Xerox’s biggest shareholder; and a pair of Mr. Icahn’s companies: Icahn Capital LP and High River Limited Partnership.

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