Office equipment maker Xerox Corp. on Friday said its retirement plan has reached an agreement to settle a lawsuit over payments to former workers, requiring the plan to pay $239 million.
Stamford, Connecticut-based Xerox said the deal is an agreement-in-principle, with a final settlement subject to the negotiation of a definitive agreement and court approval.
In April, Xerox reported a first-quarter pre-tax charge of $300 million to cover any potential pension- funding shortfall should RIGP be required to pay damages in this case
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November 17, 2003 at 10:25 AM
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