Mealey's Litigation Procedure - Hewlett-Packard To Pay $57M To Settle Securities Class Action Claims

Mealey's Litigation Procedure - Hewlett-Packard To Pay $57M To Settle Securities Class Action Claims

SANTA ANA, Calif. - Hewlett-Packard Co. (HP) and certain of its current and former executive officers have agreed to pay $57 million to settle claims that they misrepresented the company's business condition in violation of federal securities laws, according to a motion for preliminary approval of settlement filed by lead plaintiffs on March 31 (In re Hewlett-Packard Co. Securities Litigation, No. 11-1404, C.D. Calif.).

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