The Lowey Firm and Co-Lead Counsel, Recover $69 million for Stockholders of Affiliated Computer Services on the Eve of Trial, in Settlement of their Challenge to the Terms of the ACS Merger With Xerox

Case Abstract
Lowey Dannenberg Cohen & Hart, P.C., as Co-Lead Counsel for a Certified Class of investors, successfully challenged the terms of a merger between Xerox Corporation and Affiliated Computer Services, Inc. (“ACS”).  A settlement of the action for $69 million was reached on the eve of trial in the Delaware Chancery Court.  Lowey Dannenberg’s clients, The Federated Kaufmann Fund, The Federated Kaufmann Growth Fund and the Federated Kaufmann Fund II were Co-Lead Plaintiffs in the action.  The Court has preliminarily approved the settlement, and set a hearing date of August 24, 2010 for final approval. 

Client
The Federated Kaufmann Fund, The Federated Kaufmann Growth Fund and the Federated Kaufmann Fund II

Case Name
In re ACS Shareholder Litigation, Consolidated Case No. 4940 (Del. Ch.)

Current Status
The Court has preliminarily approved the settlement, and set a hearing date of August 24, 2010 for final approval.