HP Dodges Derivative Suit Over Foreign Bribes

Law360, Los Angeles (May 8, 2013, 9:43 PM EDT) -- A California federal judge on Monday dismissed a Hewlett-Packard Co. shareholder's claims that its board of directors ignored foreign bribe payments by HP and blocked federal authorities from investigating allegations, ruling that the claims were untimely and didn't prove the board acted negligently.

HP shareholder A.J. Copeland sought to add the claims to his 2-year-old derivative lawsuit, which alleged that the board violated its fiduciary duties, wasted corporate assets and failed to disclose material facts in the company's 2010 and 2011 proxy statements. But the judge...
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