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Suit Over HP Former CEO Hurd Payout Dismissed

A Delaware court dismissed a shareholder lawsuit seeking to hold Hewlett-Packard Co.'s (HPQ) board responsible for approving former chief executive Mark Hurd's $40-million severance after he resigned in August 2010, Reuters reported on its website Friday. Hurd, who is now co-president of Oracle Corp. (ORCL), resigned following allegations of sexual harassment against marketing contractor Jodie Fisher. He was exonerated of those allegations by an internal H-P investigation, but the probe found he had filed inaccurate expense reports. Shareholder Lawrence Zucker sued H-P's board, claiming they wasted company money by agreeing to such a large severance instead of firing Hurd for cause and paying him nothing. But Judge Donald Parsons of the Delaware Chancery Court ruled the board acted in good faith in approving the payment, adding that denying severance to Hurd could have hurt the computer maker by making it more difficult to find a replacement, Reuters reported. Parsons also dismissed a claim accusing H-P of poor succession planning, the report said. Full story at http://www.reuters.com/article/2012/06/22/us-hp-hurd-lawsuit-idUSBRE85L0XE2012062 Write to nymonitoring@dowjones.com

Stock News for Oracle (ORCL)
DateTimeHeadline
07/12/201311:38:08TECH STOCKS: Microsoft, Dell Slip; Netflix Leads Tech Gains
07/09/201311:33:10TECH STOCKS: Dell, Facebook, Priceline Boost Tech Stocks
07/08/201315:56:06TECH STOCKS: Dell, Facebook Up, But Intel Is In The Red
07/03/201313:26:03TECH STOCKS: Tech Stocks Keep Gains Ahead Of Break
07/03/201312:40:06TECH STOCKS: Apple, Microsoft, Facebook Boost Tech Stocks
06/27/201316:29:06TECH STOCKS: Microsoft Gains Stand Out As Techs Advance
06/27/201311:30:22TECH STOCKS: Microsoft, Yahoo Among Tech Advancers
06/25/201317:18:07TECH STOCKS: Yahoo, Pandora Rise In Broad Tech Gains
06/25/201314:14:37TECH STOCKS: Oracle Slips, Pandora Jumps As Techs Rise
06/25/201310:37:59Oracle Strikes Deal With Salesforce.com to Integrate Clouds
06/21/201316:47:21MARKET SNAPSHOT: U.S. Stocks Edge Up Friday, But Post Weekly...
06/21/201316:34:31TECH STOCKS: Facebook Rises; Oracle, Zynga Weigh On Techs
06/21/201315:01:10MARKET SNAPSHOT: U.S. Stocks Waver After Selloff; Oracle Sinks
06/21/201314:01:27MARKET SNAPSHOT: U.S. Stocks Turn Mostly Higher; Oracle Sinks
06/21/201312:28:24MARKET SNAPSHOT: U.S. Stocks Turn Red As 10-year Yield Hits 2.5%
06/21/201312:26:27EUROPE MARKETS: Europe Stocks Post 2013 Low On Fed, Greece Woes
06/21/201311:28:33MARKET SNAPSHOT: U.S. Stocks Erase Gains As Oracle Sinks
06/21/201310:52:32TECH STOCKS: Facebook Rises, But Oracle Weighs On Techs
06/21/201310:06:45MARKET SNAPSHOT: U.S. Stocks Gain After Two-day Pummeling
06/21/201309:11:12U.S. HOT STOCK FUTURES: HOT STOCKS TO WATCH

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