Xerox, ACS Reach Merger Deal In Del. Class Action

Law360, New York (December 14, 2009, 4:19 PM EST) -- Xerox Corp. and Affiliated Computer Services Inc. have struck a deal that partially resolves an ACS shareholder class action in Delaware and allows the firms’ proposed merger to go forward, pending shareholder approval — a move that comes on the heels of an agreement last month to hold off related litigation in Texas.

The technology companies and shareholders filed a stipulation to drop the suit in the Delaware Chancery Court on Monday. The agreement was reached Sunday, according to a Xerox 8-K filing with the U.S....
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