In re Xerox Corp. Consol. Shareholder Litigation [1] First Second Xerox Third |

The Xerox-Fuji Transaction

[2]

“This latest scheme will allow us to take control of Xerox without spending a penny.”[3]

[4] [5] [6] [7] |

The Court's Decision

“This transaction was largely negotiated by a massively conflicted CEO in breach of his fiduciary duties to further his self-interest and approved by a board, more than half of whom were perpetuating themselves in office for five years without properly supervising Xerox's conflicted CEO.”[8]

[9] [10] [11] [12] [13] Smith v. Van Gorkom [14] [15] [16] |

Implications and Innovations

Xerox Endnotes: [1] [2] [3] [4] [5] [6] [7] [8] [9] [10] Hubbard v. Hollywood Park Realty Enterprises Icahn Partners LP v. Amylin Pharm. [11] In re Xerox Corp. Consol. Shareholder Litigation Patrick v. Allen [12] [13] [14] [15] Casey v. Woodruff [16] In re CNX Gas Corp. Shareholders Litig. John C. Coffee Jr. is the Adolf A. Berle Professor of Law at Columbia University Law School and Director of its Center on Corporate Governance.