The Traderszone Network

Published in TZ Latest News 9 June, 2015 by The TZ Newswire Staff

HP pays $100 million to settle shareholder class-action suit

Dutch pension fund manager PGGM said on Tuesday Hewlett-Packard had agreed to pay $100 million to settle a class-auction lawsuit relating to the company’s 2011 acquisition of Autonomy, a “big data” analysis company. PGGM alleged that HP made “false and misleading” statements about Autonomy’s value and the reasons for its “poor performance” after HP’s $11 billion acquisition of the company.

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