HP Investors Too Slow to Sue on Supplies Business, Judge Says

HP Inc. is free of allegations it made misleading statements about its ink and toner supplies business after a federal judge in California ruled the investors waited too long to bring their securities fraud claims.

Investors say the technology company touted the health of its supply business while hiding revenue declines and elevated channel inventory levels. They had enough information to file their would-be class complaint almost five years before they actually did, so the two-year statute of limitations blocks their suit, the U.S. District Court for the Northern District of California said.

The investors, who sued in November ...