Case Page

 

Case Status:    DISMISSED    
On or around 05/06/2013 (Court's order of dismissal)

Filing Date: August 18, 2010

According to a complaint filed on August 18, 2010, on August 6, 2010, The Company and Hurd entered into a Separation Agreement and Release, which the Board granted him a severance award with a total value of approximately $53 million. This excessive severance award was a waste of Company assets because the Board, after an investigation of Hurd's alleged misconduct, could have, and should have, terminated Hurd's employment "for cause" as a result of his admitted violations of the Company's Standards of Business Conduct.

On November 1, 2010, the Court issued an Order Consolidating Cases; Appointing Co-Lead Class Plaintiffs and Co-Lead Class Counsel in this action. On December 3, 2010, the plaintiffs filed a Consolidated Verified Shareholder Derivative Complaint.

On August 21, 2012, the Defendants' motions to dismiss for failure to state a claim pursuant to Rule 12(b)(6) and Rule 23.1 were Granted with leave to amend allowing the Plaintiffs to file an amended complaint within 30 days of the Order.

On May 6, 2013, the Court granted the Defendants' motions to dismiss the Second Amended Complaint, denied the Plaintiff's motion for leave to amend, and denied the Plaintiff's motion to strike defendants' requests for judicial notice.

On May 6, 2013, the Court ordered that the Judgment is entered in favor of the Defendants.

COMPANY INFORMATION:

Sector: Technology
Industry: Computer Hardware
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: HPQ
Company Market: New York SE
Market Status: Public (Listed)

About the Company & Securities Data


"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.

In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.
COURT: N.D. California
DOCKET #: 10-CV-03659
JUDGE: Hon. Lucy H. Koh
DATE FILED: 08/18/2010
CLASS PERIOD START: 08/06/2010
CLASS PERIOD END: 08/18/2010
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Barroway Topaz Kessler Meltzer & Check, LLP (Radnor)
    280 King of Prussia Road, Barroway Topaz Kessler Meltzer & Check, LLP (Radnor), PA 19087
    610.667.7706 610.667.7706 · info@btkmc.com
  2. Barroway Topaz Kessler Meltzer & Check, LLP (San Francisco)
    580 California Street, Suite 1750, Barroway Topaz Kessler Meltzer & Check, LLP (San Francisco), CA 94104
    415.400.3000 415.400.3000 · info@btkmc.com
No Document Title Filing Date
COURT: N.D. California
DOCKET #: 10-CV-03608
JUDGE: Hon. Lucy H. Koh
DATE FILED: 12/03/2010
CLASS PERIOD START: 01/27/2010
CLASS PERIOD END: 08/18/2010
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Barrack, Rodos & Bacine (New York)
    1350 Broadway, Suite 1001, Barrack, Rodos & Bacine (New York), NY 10018
    212.688.0782 212.688.0782 ·
  2. Barrack, Rodos & Bacine (San Diego)
    600 West Broadway, Suite 900, Barrack, Rodos & Bacine (San Diego), CA 92101
    619.230.0800 619.230.0800 ·
  3. Barroway Topaz Kessler Meltzer & Check, LLP (Radnor)
    280 King of Prussia Road, Barroway Topaz Kessler Meltzer & Check, LLP (Radnor), PA 19087
    610.667.7706 610.667.7706 · info@btkmc.com
  4. Barroway Topaz Kessler Meltzer & Check, LLP (San Francisco)
    580 California Street, Suite 1750, Barroway Topaz Kessler Meltzer & Check, LLP (San Francisco), CA 94104
    415.400.3000 415.400.3000 · info@btkmc.com
No Document Title Filing Date
No Document Title Filing Date