Judge: Shareholders Failed To Show Futility Of Presuit Demand Upon HP Board

SAN JOSE, Calif. - A federal judge in California on Sept. 25 granted motions to dismiss a shareholder derivative complaint against directors and officers of Hewlett-Packard because the shareholders failed to prove that presuit demand upon the board would have been futile (In re HP Derivative Litigation, No. 10-cv-03608, C.D. Calif.; 2012 U.S. Dist. LEXIS 137640).

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