Xerox says Darwin Deason lawsuit 'without merit'
Xerox issued a statement regarding a lawsuit filed by Darwin Deason today in the Supreme Court of the State of New York, New York County. The company said, "Mr. Deason's allegations are without merit and the company will vigorously defend itself. After having considered all strategic alternatives available to the company, Xerox's Board of Directors remains steadfast in its belief that the combination with Fuji Xerox is the best path to create value for the company and its shareholders. It is unfortunate that Mr. Deason is seeking to interfere with Xerox shareholders' right to decide and is relying on meritless legal claims. Xerox has fully disclosed the joint venture agreements, and the company will respond to Mr. Deason's legal claims through the appropriate legal channels in due course."