(Reuters) -A U.S. appeals court on Tuesday revived a lawsuit alleging HP Inc defrauded shareholders by secretly using unprofitable tactics to boost sales of its printing supplies in 2015 and 2016.
The 9th U.S. Circuit Court of Appeals reversed a judge's ruling dismissing the lawsuit as filed too late. Investors say they did not discover the alleged fraud until the U.S. Securities and Exchange Commission fined HP $6 million over its sales practice disclosures in September 2020.
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