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

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.