• Fujifilm Holdings Corp. is suing Xerox Corp. for $1 billion in damages in Manhattan federal court, after Xerox backed out of a $6.1 billion takeover deal in May. ( Bloomberg ) Sidley Austin’s Andrew Stern is heading Fujifilm’s legal team, while information about Xerox’s counsel was not yet available. ( New York Law Journal )
• Legally besieged Theranos Inc. said its general counsel, former Munger associate David Taylor, is now its CEO, after company founder Elizabeth Holmes stepped down as chief a few days ago. Holmes and the company’s former chief operating officer and president, Ramesh “Sunny” Balwani, face federal wire fraud charges ...
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