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Article: Coughlin Stoia Geller Rudman & Robbins LLP Announces Appointment as Lead Counsel in Affiliated Computer Services, Inc. "ACS" Merger Litigation; Secures Modifications to the No-Shop Agreement Between ACS and Xerox Corporation.
- Article from:
- Mergers & Acquisitions Business
- Article date:
- November 11, 2009
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Coughlin Stoia Geller Rudman & Robbins LLP ("Coughlin Stoia") announced that on October 23, 2009, Coughlin Stoia was appointed lead counsel for the Texas state court actions challenging as unfair to shareholders the proposed merger between ACS (NYSE:ACS) and Xerox Corporation ("Xerox") (NYSE:XRX). Coughlin Stoia, along with Baron & Budd, is prosecuting the action on behalf of their client the City of St. Clair Shores Police and Fire Retirement System (the "Fund").
Coughlin Stoia's appointment as lead counsel was made just a few days after securing ACS's agreement to an "undertaking" that substantially modifies the existing no-shop provision in the pending merger ...