Class Actions Blog

Posts Tagged ‘Autonomy’

Hewlett Packard settles securities class action

Posted on: June 11th, 2015 by Steve Larson

HPHewlett Packard has agreed to pay $100 million to end a proposed securities class action over its $11 billion acquisition of British software company, Autonomy Corp.  The proposed settlement with the shareholders comes after the federal judge for the Northern District of California, Judge Breyer, gave preliminary approval in March to a separate deal that promises corporate governance reforms to settle HP shareholders’ derivative claims over the Autonomy acquisition. Read more…

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Hewlett Packard makes fourth proposal to resolve Autonomy derivative case

Posted on: January 28th, 2015 by Steve Larson

HPHewlett Packard made a fourth attempt at settling a shareholder derivative suit over the its $11.1 billion Autonomy Corp. acquisition, which was a complete failure.  This time, HP has limited the claims that would be released and made changes to reflect its corporate split.

U.S. District Judge Charles R. Breyer rejected earlier settlement proposals finding that the long list of claims released in the deal would potentially shield HP’s board from any future claims. Read more…

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This blog is intended to provide information to the general public and to practitioners about developments that may impact Oregon class actions.

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  • Steve Larson

  • Steve Larson
  • Steve Larson has been representing investors, consumers and employees in class actions in Oregon for over 20 years. He is a shareholder at the law firm of Stoll Berne in Portland, Oregon.
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