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Shareholder sues Xerox over deal with Fuji (access required)

The gloves are off. Darwin Deason, Xerox Corp.’s third-largest shareholder, has filed a lawsuit against Fujifilm Holdings Corp.; Xerox; current Xerox board members; and Ursula Burns, Xerox’s former chairman and CEO. The complaint was filed Feb. 13 in the Supreme Court of the State of New York, New York County. In the complaint, Deason alleges the following: ...

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Xerox reports drop in sales in first full quarter since shakeup (access required)

Xerox Corp. on Tuesday reported a drop in third quarter revenue and earnings, missing Street estimates for sales, but beating ...