(Reuters) – Hedge fund manager Darwin Deason filed a new lawsuit against Xerox Corp (XRX.N) on Friday after it refused to allow him to make nominations to its board after a deadline, the latest blows in a row over its proposed merger with Fujifilm Holdings Corp (4901.T).
Timeline: Icahn and Deason’s fight with Xerox
Deason said on Monday he had the right to nominate directors, despite missing a deadline, because the current board had made a series of significant decisions and disclosures to stockholders after the deadline.
Xerox earlier on Friday said Deason did not have the right to nominate directors outside of the nomination window. (Xerox Corp30.06
“We need a strategy that is grounded in reality, not wishful thinking. In the coming weeks, that is exactly what we will lay out for your consideration” Icahn and Deason said in a joint statement. (bit.ly/2CTDKPM)
Shares of Xerox were down 1.5 percent at $30.10 in early trading.
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