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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 Hewlett Packard (HPQ)
DateTimeHeadline
09/23/201616:29:35Statement of Changes in Beneficial Ownership (4)
09/20/201600:30:00Refugee Crisis Spurs Companies to Act
09/16/201603:03:00Samsung Electronics Sells Stake In Sharp -- WSJ
09/15/201606:40:00Samsung Unloads Stake in Japan's Sharp
09/14/201608:20:00Samsung Rushes to Contain Fallout From Galaxy Note 7 Recall
09/13/201603:03:00HP, Samsung Reach a Deal -- WSJ
09/12/201614:18:00HP Agrees to Acquire Samsung Printer Business for $1.05 Billion
09/12/201610:10:00Open Text to Buy Dell EMC Enterprise Content Division
09/12/201610:00:00Samsung Electronics Nominates Heir Apparent to Board as Shares...
09/12/201606:09:39Current Report Filing (8-k)
09/12/201604:40:00HP to Acquire Samsung Printer Business in $1 Billion Deal
09/12/201604:29:00HP to Acquire Samsung Printer Business in $1 Billion Deal
09/08/201606:10:00Micro Focus's HP Software Purchase Puts It in the Big League
09/07/201617:09:00CORRECTION: Disregard HP Inc. Earnings Headlines
09/07/201617:00:00HP Enterprise Plans $8.8 Billion Software Deal with Micro Focus
09/02/201609:13:00HP Demands Ad Agencies Diversify Their Workforces
09/01/201619:40:00HP Enterprise Seeks Buyer for Software Operations
09/01/201616:50:52Quarterly Report (10-q)
08/31/201616:21:47Statement of Changes in Beneficial Ownership (4)
08/29/201603:03:00HP, HP Enterprise Hit With Claims of Age Discrimination -- WSJ

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