HP Investors Win Nod of $10.5 Million Revenue Model Settlement

April 7, 2023, 5:28 PM UTC

HP Inc. and investors convinced a federal judge to preliminarily approve a $10.5 million settlement to end claims the technology company misled them over its revenue estimation model.

“I think this is an excellent resolution of a challenging issue,” said Judge Susan Illston, of the US District Court for the Northern District.

Litigation has been ongoing for over three years.

The investors alleged the tech company misled them about a revenue prediction model, which resulted in the company stock being artificially inflated.

The court dismissed the investors’ lawsuits in March 2021 and September 2021. The Electrical Workers Pension Fund, ...

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