In re HP Securities Litigation Settlement


The Court entered the Order Authorizing Distribution of Net Settlement Fund on Friday, August 11, 2017.
The initial distribution commenced on September 28, 2017.
The 2nd distribution commenced on June 9, 2021.
The 3rd distribution commenced on June 6, 2022.

A proposed Settlement for $100 million in cash has been reached in the In re HP Securities Litigation between and among the Court-appointed Lead Plaintiff PGGM Vermogensbeheer B.V. on behalf of itself and the Settlement Class, and defendants Hewlett-Packard Company (“HP”) and Margaret C. Whitman. The Settlement resolves claims brought by investors alleging that the price of HP’s publicly traded common stock was artificially inflated during the Settlement Class Period as a result of alleged false and misleading statements concerning HP’s acquisition of Autonomy Corporation plc (“Autonomy”), including statements regarding Autonomy’s value and the reasons for Autonomy’s poor performance after its acquisition. On November 13, 2015, the Court entered its Final Judgment and Order Approving the Settlement, an Order Approving Plan of Alocation of the Net Settlement Fund and an Order Awarding Attorneys' Fees and Litigation Expenses.

This website and the Notice provide information regarding the Action and the Court approved Settlement, describe who is included in the Settlement Class and the rights and benefits available to members of the Settlement Class, and explain how to submit a claim in order to be potentially eligible to participate in the Settlement and receive a distribution from the Net Settlement Fund. Payments will be made to eligible Settlement Class Members after any appeals are resolved and the Claims Administrator reviews and processes all of the Claim Forms that are submitted and calculates payments pursuant to the Court approved Plan of Allocation.

The “Settlement Class” is defined as follows: All Persons who purchased or otherwise acquired HP’s publicly traded common stock between August 19, 2011 and November 20, 2012, inclusive. As set forth in the Notice, there are exceptions to being included in the Settlement Class. The Court has appointed Kessler Topaz Meltzer & Check, LLP to represent the Settlement Class as “Lead Counsel”.

Please be sure to review the Notice to fully understand your rights. If you are a member of the Settlement Class, your legal rights will be affected whether you act or do not act.