Quantcast
logo

Autonomy acquisition: HP agrees to pay $100mn to shareholders to settle lawsuit

  • US firm Hewlett-Packard (HP) has agreed to pay $100 million to a section of its shareholders in order to settle a claim over its acquisition of Autonomy.

    The class action lawsuit against the technology giant was led by PGGM, a pension fund manager, which accused HP of misleading shareholders over the ill-fated acquisition.

    While refuting the claims, HP felt it was “desirable” to opt for a settlement as continued litigation would be “burdensome and protracted.”

    Tagged as: Hewlett-Packard, HP, acquisition, Autonomy, class action lawsuit, PGGM, pension fund manager, business news