Litigation
Aug. 27, 2014
Judge balks at fees in HP shareholder settlement, but deal might happen anyway
A federal judge refused to bless a settlement between Hewlett-Packard Co. and its shareholders Monday over the acquisition of Autonomy Corp., saying a provision guaranteeing plaintiffs' firms at least $18 million in fees was unnecessary.
Daily Journal Staff Writer
SAN FRANCISCO - A federal judge refused to approve a settlement between Hewlett-Packard Co. and its shareholders Monday over the flubbed acquisition of Autonomy Corp., saying an unusual part of the deal that guaranteed two plaintiffs' firms at least $18 million in fees was unnecessary.
U.S. District Judge Charles R. Breyer also postponed deciding whether other parties should be allowed to inter...
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