Hewlett-Packard close to settling shareholder lawsuit over Autonomy
Hewlett-Packard is in "serious" talks about settling a lawsuit brought by shareholders over its troubled acquisition of infrastructure software vendor Autonomy.
Hewlett-Packard is in "serious" talks about settling a lawsuit brought by shareholders over its troubled acquisition of infrastructure software vendor Autonomy.
A judge has ruled that Hewlett-Packard and its CEO, Meg Whitman, must mount a defense against a shareholder class action lawsuit claiming that Whitman and HP made misleading statements about the acquisition of Autonomy.
Outgoing Hewlett-Packard CEO Leo Apotheker will get a severance payment of US$7.2 million, plus a $2.4 million performance bonus and additional stock benefits, according to documents filed with the US Securities and Exchange Commission on Thursday.
Just over a month after Hewlett-Packard said it would sell or spin-off its PC business, new CEO Meg Whitman on Thursday said the company will decide on a proposal to spin-off the PC unit by the end of the year.
In the days leading up to the ouster of Hewlett-Packard CEO Leo Apotheker after less than a year on the job, some observers suggested that if Apotheker was to go, it won't be that much of a surprise.