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Cases & Deals

May 1, 2018

Two Distinct Injunctions Granted In Halting the Xerox-Fuji Deal

May 1, 2018 – The Supreme Court of the State of New York  issued two injunctions on behalf of King & Spalding’s client Darwin Deason in the matter of Deason v. Fujifilm, Xerox  pending a final determination of the claims asserted in Deason’s complaint to prevent Fuji and Xerox from taking any further action to consummate the change of control transaction between Xerox and Fuji that was announced on January 31, 2018. In addition, the court granted injunctive relief to prevent Xerox from enforcing an advance notice bylaw provision with respect to nominating directors, thus allowing Deason to nominate an independent slate of directors for the 2018 annual meeting.

King & Spalding lawyers from New York, Houston, Tokyo, and Singapore were involved. Jim Woolery led the corporate team with Rob Leclerc and Matt Saur. The litigation team included Bobby Meadows, Rich Marooney, Israel Dahan, Bruce Baber, David Fine, Peter Isajiw, Ed Kehoe, Emmett Murphy, Peter Straus, Jennifer Chiang, Evan Ennis, Ryan Gabay, Alicia Gilbert, Bobby Gray, Oliver McEntee, Nava Sanders, and Sal Subasinghe with Chris Bailey and Harry Burnett (international arbitration).