XO Communications 2010 Annual Report Download - page 33

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Please find page 33 of the 2010 XO Communications annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

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Borden Class Action Complaint
On February 25, 2011, Borden filed a class action complaint in the Court of Chancery of the State of
Delaware against XO Holdings, Inc., the Chairman, Carl Grivner, Robert Knauss, Harold First, Fredrik
Gradin, Vincent Intrieri, David Schechter, Daniel Ninivaggi, and ACF Holding on behalf of the public
stockholders of XOH. The complaint alleges various breaches of fiduciary duties by defendants related to
ACF Holding’s 2011 Proposal including allegations that the Special Committee lacked independence to
consider and review ACF Holding’s 2011 Proposal and that defendants placed personal interests of the
individual board members and/or the interests of the Chairman ahead of the interests of the shareholders. The
case is under consideration and the effect of this case on the Company, if any, is not known at this time.
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