SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
Date of Report (date of earliest event reported):
September 30, 2002
XEROX CORPORATION
(Exact name of registrant as specified in its charter)
New York 1-4471 16-0468020
(State or other (Commission File (IRS Employer
jurisdiction of Number) Identification
incorporation) No.)
800 Long Ridge Road
P. O. Box 1600
Stamford, Connecticut 06904-1600
(Address of principal executive offices)(Zip Code)
Registrant's telephone number, including area code:
(203) 968-3000
Not Applicable
(Former name or former address, if changed since last report)
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Item 5. Other Events.
In the previously disclosed class action Berger, et al. v. RIGP, on September
30, 2002, the United States District Court for the Southern District of
Illinois entered a final judgment for the plaintiffs and adopted their
methodology for calculating damages. In December of 2001, the plaintiffs had
submitted papers claiming $284 million pursuant to such methodology.
Registrant's Retirement Income Guarantee Plan (RIGP) will now file an appeal
of the court's rulings on both liability and damages. As previously
disclosed, any final judgment after appeal would be paid from RIGP assets.
However, such payment may require Registrant to make additional contributions
to RIGP in the future based on a potential shortfall in the plan assets
available to pay other plan liabilities. RIGP denies any wrongdoing and
believes it has strong arguments on appeal.
______________________________________________________________________________
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
Registrant has duly authorized this report to be signed on its behalf by the
undersigned duly authorized.
XEROX CORPORATION
/s/ Martin S. Wagner
__________________________________
By: Martin S. Wagner
Dated: October 3, 2002 Assistant Secretary
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