HP pays US$100mil to settle Autonomy-related class-action suit


  • TECH
  • Wednesday, 10 Jun 2015

HOLDING THEM ACCOUNTABLE: PGGM lawyer Femke Hendriks said that HP's management had harmed investors by unduly playing up prospects for the acquisition.

AMSTERDAM: Hewlett-Packard agreed to pay US$100mil (RM373.95mil) to settle a class-action lawsuit stemming from its ill-fated 2011 acquisition of British software company Autonomy. 

Dutch pension fund PGGM was the lead plaintiff in the suit, which has been running since 2012. The cash payment will be paid into a settlement fund to compensate affected shareholders. 

Save 30% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Tech News

Windows running slow? Microsoft’s 11 quick fixes to speed up your PC
Meta to let users in EU 'share less personal data' for targeted ads
Drowning in pics? Tidy your Mac library with a few clicks
Flying taxis to take people to London airports in minutes from 2028
Smartphone on your kid’s Christmas list? How to know when they’re ready.
A woman's Waymo rolled up with a stunning surprise: A man hiding in the trunk
A safety report card ranks AI company efforts to protect humanity
Bitcoin hoarding company Strategy remains in Nasdaq 100
Opinion: Everyone complains about 'AI slop,' but no one can define it
Google faces $129 million French asset freeze after Russian ruling, documents show

Others Also Read