We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Shareholder Blames HP Board For Recent Turmoil

Law360 (March 8, 2011, 8:08 PM EST) -- A Hewlett-Packard Co. shareholder filed suit in a California federal court Monday accusing HP board members of sitting back while the company paid bribes in the U.S. and abroad and made a reckless $2.3 billion bid for data storage company 3PAR.

HP shareholder A.J. Copeland filed a derivative suit against HP Chairman Raymond J. Lane, HP President and CEO Leo Apotheker, former HP CEO Mark Hurd and 15 others in the U.S. District Court for the Northern District of California.

The proposed class action, filed on...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.