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Mar. 17, 2015

Hewlett-Packard wins preliminary approval for shareholder lawsuit over Autonomy deal

Judge Charles R. Breyer granted preliminary approval Friday to a settlement in the shareholder lawsuit that resulted from Hewlett Packard Co.'s purchase of Autonomy Inc. in 2011. The settlement releases claims against HP, its board of directors and CEO Meg Whitman.

By Laura Hautala

Daily Journal Staff Writer

Judge Charles R. Breyer granted preliminary approval Friday to a settlement in the shareholder lawsuit that resulted from Hewlett Packard Co.'s purchase of Autonomy Inc. in 2011.

The settlement releases claims against HP, its board of directors and CEO Meg Whitman. The company agreed in the settlement to some governance reforms and also plans to sue Autonomy to recover money lost in the deal. HP overpaid for ...

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