HP Pays $100 Million to Settle Shareholder Class-Action Suit

June 9, 2015 12:20 PM

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HP Pays $100 Million to Settle Shareholder Class-Action Suit

Amsterdam: Dutch pension fund manager PGGM said on Tuesday Hewlett-Packard had agreed to pay $100 million to settle a class-action lawsuit relating to the company's 2011 acquisition of Autonomy, a "big data" analysis company.

PGGM alleged that HP made "false and misleading" statements about Autonomy's value and the reasons for its "poor performance" after HP's $11 billion acquisition of the company.

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