HP pays $100 million to settle shareholder class-action suit | Reuters

Dutch pension fund manager PGGM said on Tuesday Hewlett-Packard had agreed to pay $100 million to settle a class-auction 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.

via HP pays $100 million to settle shareholder class-action suit | Reuters