Affiliated Computer

1. Qualcomm Evades Wireless Transmission Patent Suit

Wednesday, Feb 24, 2010

A federal judge has tossed a suit accusing Qualcomm Inc. of inducing its customers to infringe a patent for sending documents wirelessly from vehicles, ruling that R&L Carriers Inc. neglected to allege a plausible intent to cause infringement.

2. EU Clears $6B Xerox-ACS Merger

Tuesday, Jan 19, 2010

Having received the go-ahead from antitrust regulators in Europe, the fate of Xerox Corp.’s $6 billion acquisition of business process outsourcing giant Affiliated Computer Services Inc. now rests in the hands of the companies’ shareholders.

3. Xerox, ACS Reach Merger Deal In Del. Class Action

Monday, Dec 14, 2009

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.

4. Xerox, ACS Shareholders' Pact Alters Merger's Details

Monday, Nov 23, 2009

Xerox Corp. and a group of Affiliated Computer Services Inc. shareholders who filed a lawsuit in Texas over Xerox's proposed acquisition of ACS have reached a deal under which ACS' chairman will no longer be obligated to vote half of his shares in favor of the Xerox transaction if a more attractive proposal materializes.

5. JPMorgan, ACS Resolve Part Of Tech Patent Case

Thursday, Nov 19, 2009

JPMorgan Chase & Co. has struck a partial settlement with Affiliated Computer Services Inc. in its patent infringement case over debit card services and check-imaging technology used to process child support payments.

6. $6.4B Xerox-ACS Merger Inches Forward

Wednesday, Nov 18, 2009

The federal antitrust waiting period for Xerox Corp.’s proposed acquisition of outsourcing firm Affiliated Computer Services Inc. has expired, moving the $6.4 billion deal one step closer to completion.

7. Xerox To Acquire Outsourcing Firm ACS For $6.4B

Monday, Sep 28, 2009

Xerox Corp. has announced that it will buy Affiliated Computer Services for about $6.4 billion — a deal that will allow the copier giant to move into the business process outsourcing business.

8. Del. High Court Aids Stock Owners In Escheat Suits

Tuesday, Sep 15, 2009

Clarifying key aspects of Delaware’s escheat law, the state’s high court had determined that A.W. Financial Services SA has grounds to sue parties responsible for turning stock it owned over to the state, filling the French investment firm’s quiver in its suit against Empire Resources Inc., the transfer agent and a subcontractor.

9. $30M From Insurers Settles ACS Derivative Suits

Friday, May 08, 2009

A federal judge has preliminarily approved a $30 million payment to Affiliated Computer Services Inc. from its insurers, settling shareholder derivative litigation against the former board of ACS over stock options backdating.

10. Affiliated Computer Off Hook In Default Dispute

Thursday, Apr 16, 2009

A failure to file timely reports with the U.S. Securities and Exchange Commission does not constitute a breach of indenture agreement, a federal circuit court has ruled in the case of a technology company hounded by bond holders after it missed an SEC filing date while the company conducted an internal investigation into its stock options backdating practices.

11. ACS Shareholders' Suit Tossed Over Demand Futility

Monday, Feb 09, 2009

A Delaware state court has dismissed a derivative suit over a failed bid by Cerberus Capital Management LP and Affiliated Computer Services Inc. to take the company private after finding that the majority of the company's board remained independent despite internal strife and so had not breached its fiduciary duty to shareholders.

12. WaMu Hit With Patent Suit Over Check-Imaging

Friday, Sep 19, 2008

DataTreasury Corp. has targeted Washington Mutual Inc. in its latest patent suit accusing financial institutions of infringing patents for check-imaging technology.

13. Harris, DataTreasury Settle Check-Imaging Suit

Thursday, Sep 18, 2008

Harris Bankcorp Inc. has become the latest bank to settle claims in DataTreasury Corp.’s ongoing patent infringement suit over check-imaging and other banking technology, bringing the total number of settlements this month to four.

14. DataTreasury, BoNY Settle Check-Imaging Suit

Friday, Sep 05, 2008

The Bank of New York Co. Inc. has become the third defendant in one week to settle claims in DataTreasury Corp.’s ongoing patent infringement suit over check-imaging and other banking technology, with the parties agreeing to drop the claims as part of a licensing deal.

15. City National Settles DataTreasury Patent Suit

Thursday, Sep 04, 2008

DataTreasury Corp. has reached another settlement in its ongoing patent infringement suit over check-imaging and other banking technology, agreeing to drop its claims against City National Corp. as part of a licensing deal.

16. Compass Settles DataTreasury Check-Imaging Suit

Wednesday, Sep 03, 2008

Compass Bancshares Inc. has become the latest company to settle a patent infringement suit over check-imaging technology brought by DataTreasury Corp.

17. Customer Reps Sue ACS Over Break Pay

Friday, Jul 18, 2008

A purported class action filed against Affiliated Computer Systems Inc. for allegedly unpaid mandatory rest breaks to call center workers has been moved to federal court.

18. JP Morgan Sues Over Child Support Payment Patents

Tuesday, Apr 08, 2008

JP Morgan Chase & Co. has launched a patent dispute against Affiliated Computer Services Inc., claiming the information technology company has long asserted invalid patents against rivals to uphold its dominant position as the company chosen by state governments to process child support payments.

19. Affiliated Computer Settles Claims Of Inflated Charges

Thursday, Jul 05, 2007

Affiliated Computer Services Inc. has reached an agreement to pay the U.S. more than $2.6 million to resolve allegations that it submitted inflated payment claims on several government contracts from 2002 to 2005.

20. Banks Seek To Invalidate DataTreasury's Patents

Monday, Jun 18, 2007

The country's largest banks are fiercely denying that they infringed online check patents in a Texas case that's closely followed by the industry.