Hewlett-Packard Company ("HP" or the Company) provides products, technologies, software, solutions and services to individual consumers and small- and medium-sized businesses, as well as to the U.S. government, and health and education sectors around the globe.

According to the Complaint filed on August 3, 2012, a securities fraud class action was brought on behalf of all persons who purchased the common stock of HP between November 13, 2007 and August 6, 2010, inclusive (the "Class Period") and held those shares as of the close of trading on August 6, 2010. Prior to and throughout the Class Period, Defendants issued statements regarding ethical standards with which HP employees and officers needed to comply. HP issued a Standards of Business Conduct Brochure (SBC) in 2006, May 2008 and June 2010.

Throughout the Class Period, HP made statements that were false and misleading due to their failure to disclose knowing violations by CEO Mark Hurd ("Hurd") of HP's SBC. On August 6, 2010, the Company disclosed Hurd's violations and the fact that Hurd resigned as a result. These disclosures caused HP's stock price to decline.

On November 9, 2012, the Court issued an Order appointing lead Plaintiff and approving the selection of lead Counsel. On December 24, lead Plaintiff filed an amended Complaint.

On August 9, 2013, the Court issued an order granting Defendants' motions to dismiss. Plaintiffs were given leave to file an amended Complaint. On September 9, 2013, the Plaintiffs filed their second amended Complaint.

On June 25, 2014, the Court issued an order granting Defendants' motion to dismiss. Plaintiffs were not given leave to amend.

On July 25, 2014, the Plaintiffs filed a Notice of Appeal of the above decision. On January 26, 2017, the Court of Appeals issued an opinion affirming the decision of the District Court.