October 16, 2014
Hewlett Packard Co. shareholders are fighting an overhauled settlement proposal to end claims related to the disastrous $11.1 billion acquisition of Autonomy Corp., telling a California federal court that it would prevent a broad swath of claims unrelated to that buy and yet give shareholders nothing in return.
September 26, 2014
A California federal judge on Friday once again cast doubt on Hewlett-Packard Co. shareholders' proposed settlement in their derivative suit over HP's disastrous $11.1 billion Autonomy Corp. acquisition, calling the potential release of claims against HP "staggering in its breadth."
September 24, 2014
The California Public Employees' Retirement System has joined a chorus of voices urging rejection of a deal between HP and its investors that would focus blame for the disastrous $11.1 billion acquisition of Autonomy Corp. on the target company, saying the settlement leaves room for a surprise on attorneys' fees.
September 23, 2014
Wachtell Lipton Rosen & Katz LLP was blasted Monday by a Hewlett-Packard Co. shareholder who accused the firm of engineering a grossly inadequate settlement that's rife with conflicts of interest in order to end derivative litigation over HP's disastrous $11.1 million acquisition of Autonomy Corp.
September 18, 2014
Hewlett-Packard Co. urged a judge Wednesday to prevent the blockade of a settlement in which HP and its shareholders would ally to place blame for HP's disastrous $11.1 billion Autonomy Corp. buy on Autonomy executives, saying the former chief financial officer behind the challenge is irrelevant to the settlement.
September 10, 2014
A Hewlett-Packard Co. shareholder, the lead plaintiff in two derivative suits against HP, urged a California federal judge on Wednesday to reject a revised settlement proposal in a shareholder suit over HP's $11.1 billion Autonomy Corp. acquisition, arguing the deal gave executives too much protection.
August 25, 2014
A California federal judge ordered Hewlett-Packard Co. shareholders Monday to revise a proposed settlement in their derivative suit over HP's $11.1 billion Autonomy Corp. acquisition, vetoing a clause under which the plaintiffs' attorneys would be paid $18 million to help HP sue Autonomy's top brass.
August 14, 2014
A Hewlett-Packard Co. shareholder urged a California federal judge on Wednesday to make him the lead plaintiff in a shareholder derivative action stemming from HP's $11.1 billion acquisition of Autonomy Corp., saying lead counsel Cotchett Pitre & McCarthy LLP suffers from a conflict of interest that "raises serious doubt."
August 12, 2014
A former Autonomy Corp. executive on Monday accused Hewlett-Packard Co. of calling him a "fraudster" as a ploy to hide its bungling of its $11.1 billion acquisition of Autonomy and to push through a collusive settlement of three resulting shareholder derivative lawsuits.
August 04, 2014
Palo Alto, California-based Hewlett-Packard Co. on Monday hit back against an ex-Autonomy Corp. chief financial officer's bid to block HP's proposed settlement of three shareholder derivative lawsuits stemming from its $11.1 billion acquisition of Autonomy, calling him a "chief architect" of the fraud that led to the litigation.