• Company
  • Description
  • Recovery Amount
  • ACS
  • In re ACS Shareholder Litigation


Delaware Chancery Court

This case alleged that members of the ACS Board of Directors breached their fiduciary duties by allowing the company’s founder and Chairman, Darwin Deason, to extract hundreds of millions of dollars from the company in connection with the negotiated buyout of ACS by Xerox Corp., at the direct expense of ACS’s public shareholders. G&E reached a $69 million settlement on behalf of ACS’s Class B shareholders, one of the largest settlements in the history of the Delaware Chancery Court.