HP To Settle 'Smart Chip' Printer Class Action

Law360, New York (June 14, 2010, 6:13 PM EDT) -- Hewlett-Packard Co. has agreed to settle a class action claiming that not only do “smart chips” embedded in HP printers not live up to their performance-boosting promises but actually end up costing consumers extra money to operate.

Judge Jeremy Fogel of the U.S. District Court for the Northern District of California granted a joint stipulation Friday indicating that the parties would file official settlement papers in less than a month.

The parties explained in a June 3 court filing that a preliminary settlement had been reached,...
To view the full article, register now.