Friday, June 12, 2015

HP pays big bucks to settle class-action lawsuit over botched deal

Hewlett-Packard Co. is paying out $100 million to settle litigation over the troubled 2011 purchase of a British software company, it said in a news release. HP said its insurance would pay the $100 million settlement fund to resolve the lawsuit from a Dutch pension fund PGGM Vermogensbeheer B.V. The lawsuit stems from an impairment charge after HP purchased the software company Autonomy. "While HP believes the action has no merit, it is desirable and beneficial to HP and its shareholders to resolve…
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http://memphissmbmedia.blogspot.com/2015/06/hp-pays-big-bucks-to-settle-class.html from Memphis SMB Media

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