HS HELPS OBTAIN $2.3 BILLION SETTLEMENT ON BEHALF OF FUJIFILM

November 5, 2019

HS assisted co-counsel Sidley Austin LLP in helping to obtain a publicly announced $2.3 billion-dollar settlement on behalf of client Fujifilm. Fujifilm sued Xerox in June 2018 for breach of contract and estimated damages of more than $1 billion. Litigation was triggered by Xerox’s decision, under pressure from activist investors, to walk away from a complex deal that would have effectively combined the two companies. After over a year litigating the case in the Southern District of New York, HS helped achieve the favorable resolution. The HS team included Yonaton Aronoff and Correy Kamin.

Read more about the deal on Reuters.