HP's Soaring Stock Could Deflate Suits Over $8.8B Writedown
But Hewlett Packard Co.'s story is different. In the four months since the company disclosed an $8.8 billion impairment charge, which it mostly blamed on alleged accounting fraud at a British software company it bought in 2011, HP's stock has soared. It closed Tuesday near $23 per share, up 73 percent since Nov. 19, the day before the disclosure.
Within the 90-day window for damages considered by federal securities law, HP's...
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