June 26, 2014
A California federal judge on Wednesday tossed a proposed shareholder class action claiming Hewlett Packard Co. stock prices dipped after CEO Mark Hurd was ousted over his relationship with a female contractor, ruling that it failed to adequately allege materiality and falsity.
May 29, 2014
Hewlett Packard Co. urged a California federal judge on Thursday to chuck a proposed shareholder class action claiming stock prices dipped after CEO Mark Hurd was ousted over his relationship with a female contractor, arguing investors haven't shown they relied on company statements suggesting Hurd followed HP's code of ethics. (Correction: An earlier story mischaracterized the nature of Hurd’s relationship with Fisher. The error has been corrected.)
August 09, 2013
A California federal judge denied a proposed class action against Hewlett Packard Co. over former CEO Mark Hurd's behavior in the lead-up to his high-profile exit from HP, ruling Friday that a pension fund failed to satisfy materiality requirements for a securities fraud claim.