Xerox/ACS Merger Litigation

Plaintiff, City of St. Clair Shores Police and Fire Retirement System, filed a class action suit in Texas state court challenging the merger agreement between Xerox Corporation and Affiliated Computer Services, Inc. (ACS). Compass Lexecon expert Charles Cox submitted a report on behalf of Xerox and ACS rebutting the claims of plaintiffs’ expert about the fairness of the deal. We also provided support for Yale Law School Professor Jonathan Macey who analyzed the fairness of various deal provisions. The case was settled on terms which did not require the payment of any money or any delay in the timing of the deal. Laurel Van Allen, Jonathan Polonsky, and David Strahlberg of Compass Lexecon’s Chicago office assisted in the analysis. We worked with Gary Bornstein of Cravath, Swaine & Moore LLP and Kevin Abrams and Tom Bayliss of Abrams & Bayliss LLP.