HP sued for mismanagement, agrees to pay $57M

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HP sued for mismanagement, agrees to pay $57M

posted on Apr 03, 2014 10:12AM

HP faces a securities fraud lawsuit and a suit by shareholders on behalf of the company, known as a derivative suit, over the Autonomy debacle. Whitman, Apotheker and other executives were sued in a third case in February by an investor alleging that mismanagement and botched acquisitions have destroyed shareholder value.

http://www.mercurynews.com/business/ci_25469637/hp-reaches-57-million-settlement-shareholder-lawsuit