Xerox Appealing Court Injunction Blocking Merger with Fujifilm

Xerox investor Carl Icahn is firing back about the collapse of the settlement that would have put his allies in charge of the company. 

Xerox says Icahn's collaborator, Darwin Deason, missed a deadline last night to wind down his lawsuit against the company. But in a statement this morning, Icahn blames the Xerox board for breaking the deal. He says the board had additional conditions -- in his words -- "for their own personal self interest." 

Icahn accuses CEO Jeff Jacobson and the board of a breach of their fiduciary duties in the Fujifilm merger deal. 

Xerox meanwhile, is appealing last week's court injunction blocking the merger. The company says approval of the merger should be left to the shareholders, not the courts.


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