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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
06/28/201603:03:00HP Enterprise Shuffles Senior Management -- WSJ
06/27/201617:51:00Hewlett Packard Enterprise Shuffles Senior Executives
06/27/201617:45:00Correction to HP Enterprise Executives Article
06/27/201616:10:52Annual Report of Employee Stock Plans (11-k)
06/27/201616:10:00HP Enterprise Shuffles Senior Executives
06/21/201617:50:00HP Raises Profit Outlook for Current Quarter
06/21/201617:35:00HP Raises Profit Outlook for Current Quarter
06/21/201616:09:33Current Report Filing (8-k)
06/20/201610:50:00Open Text to Buy HP Customer Communications Assets
06/20/201610:39:00Open Text to Buy HP Customer Communications Assets for $315 Million
06/20/201609:00:00OpenText Signs Definitive Agreement to Acquire Customer Communications...
06/20/201609:00:00OpenText Signs Definitive Agreement to Acquire Customer Communications...
06/03/201608:40:00McKesson Considers Separation of Information-Technology Unit
06/03/201606:02:53Quarterly Report (10-q)
06/02/201608:57:00China's New Tech Rules Make It Hard for U.S. Firms to Take Control
05/31/201619:03:28Statement of Changes in Beneficial Ownership (4)
05/30/201620:50:00Trial Set to Open in Legal Battle Pitting H-P, Oracle
05/26/201617:10:00Google Wins Java Copyright Case Against Oracle
05/26/201617:08:18Specialized Disclosure Report (sd)
05/26/201609:52:00U.S. Hot Stocks: Hot Stocks to Watch

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