HP Fights Off Investors’ Revenue Prediction Model Allegations

HP Inc. is free of accusations it made misleading statements about its revenue estimation model after a federal judge in California found investors’ allegations insufficient and dismissed the suit with prejudice.

Investors accuse the technology company of misleading them about the accuracy and reliability of a model intended to predict sales revenue. Their would-be class complaint didn’t properly allege HP misled them or acted intentionally, the U.S. District Court for the Northern District of California said.

Judge Susan Illston dismissed an earlier version of the suit in March but allowed the investors a chance to fix up their complaint ...