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CORPORATE TRANSACTIONS
Affiliated Computer Services, Inc.
Chimicles & Tikellis LLP represents the public stockholders of Affiliated Computer Services, Inc. (ACS) in actions that challenged the proposed acquisition of ACS by a buyout group lead by its largest stockholder and chairman, Darwin Deason and his selected private equity partner Cerberus Capital Management and his selected financier CitiGroup Global Markets. The Deason-led and negotiated buyout unfairly values the Company's shares imposes an artificial cap on the Company's stock price, and Deason's secretive and preemptive activities with respect to the buyout have compromised the ACS Board's ability to achieve a value maximizing result for all shareholders. Chimicles & Tikellis LLP filed Complaints in the Delaware Court of Chancery on March 22, 2007 seeking among other things that the ACS board of directors fulfill its fiduciary duties and obligations to the Company's public shareholders in the face of the "going-private" takeover proposal and participation of Plaintiffs and their counsel to assure a fair process and the best transaction.
On May 9, 2007, the Court appointed Chimicles & Tikellis LLP as Chairman of the Executive Committee in the action.
A copy of the Complaint, as filed, is linked below.
Class Action Complaint filed by St. Clair Shores Police and Fire Retirement System
CONTACT:
Pamela S. Tikellis
Robert J. Kriner, Jr.
A. Zachary Naylor
CHIMICLES & TIKELLIS LLP
One Rodney Square
P.O. Box 1035
Wilmington, DE 19899
Telephone: (302) 656-2500
Toll Free: 866-399-2487
Facsimile: (302) 656-9053
Website: www.chimicles.com
E-mail: PamelaTikellis@chimicles.com
RobertKriner@chimicles.com
ZacharyNaylor@chimicles.com
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