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HP Will Pay $100 Million To Settle Autonomy-Related Lawsuit

Posted by timothy on from the pretty-soon-real-money dept.

itwbennett writes: Although it 'believes the action has no merit,' HP today announced it will pay $100 million in a settlement with PGGM Vermogensbeheer B.V., the lead plaintiff in the securities class action arising from the impairment charge taken by HP following its acquisition of Autonomy. This is just the latest episode in the fallout from HP's Autonomy acquisition.

2 of 48 comments (clear)

  1. Hmmm ... by gstoddart · · Score: 2

    Although it 'believes the action has no merit'

    Well then ... I assert that HP is acting as a proxy for alien spies, and using their market position to facilitate the takeover of planet Earth by producing ever-crappier consumer products, and ensuring their web pages are useless and mind-numbingly badly written with useless URLs.

    Give me my fucking $100 million dollars.

    Sorry, but if it has no merit, $100 million to make it go away is an awful lot of money.

    --
    Lost at C:>. Found at C.
  2. Re:What bright spark by danceswithtrees · · Score: 4, Informative

    Umm... Lets see. Fiorina's term as CEO ended in 2005. Hurd was CEO from 2005 till mid 2010. Apothekar takes over in mid 2010 and a year later Autonomy is acquired.

    See https://en.wikipedia.org/wiki/...

    I'm no fan of Fiorina but it's a stretch to lay this on Fiorina. The acquisition was probably started under Hurd but Apothekar had a year to do due diligence and back out.