Legal News

Lawsuit Against Hewlett Packard Dismissed
Download PDF
1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)
Loading...

A lawsuit filed against Hewlett Packard Co’s Chief Executive Mark Hurd and the board of directors by shareholders has been dismissed by a federal judge. The lawsuit said that Hurd was given an excessive payout when he quit abruptly two years ago. The judge, U.S. District Judge Edward Davila from San Jose, California, said in his ruling that the plaintiffs in the case did not properly prove that the approval issued by the board of directors for Hurd’s agreement was not in the best interest of the company.

Louis Levine was the lead plaintiff in the case for the shareholders. The plaintiffs claimed that the cash and the benefits that were paid to Hurd in the agreement were excessive. The lawsuit also said that Hewlett Packard did not receive any benefit by approving the separation agreement. Hurd now works as the president of Oracle Corp. He resigned from his post at Hewlett Packard in August of 2010 after claims of sexual harassment arose. The claims were made by Jodie Fisher, an independent contractor for Hewlett Packard. An investigation run internally by the company cleared Hurd of the claims but did find that he filed expense reports that were not correct.

  
What
Where


An amended complaint can now be filed by the plaintiffs within 30 days, as ruled by the judge. The lawsuit was filed back in August of 2010. There was a lawsuit filed against the directors for Hewlett Packard that was dismissed by a state court judge in Delaware back in June.



 

RELEVANT JOBS

Associate Attorney

USA-PA-Exton

ASSOCIATE ATTORNEY McKenna Snyder LLC, a law firm in Exton, PA has an immediate opening for an ex...

Apply now

Attorney

USA-MI-Sturgis

Qualifications: HaasCaywood is seeking associate attorneys for our Coldwater and Sturgis, Michiga...

Apply now

Attorney

USA-MI-Coldwater

Qualifications: HaasCaywood is seeking associate attorneys for our Coldwater and Sturgis, Michiga...

Apply now

Insurance Defense Trial Attorney/ Senior Counsel

USA-CA-San Francisco

Job description Trial Attorney - Personal Injury Defense Full Job Description Hickey Smith ...

Apply now

BCG FEATURED JOB

Locations:

Keyword:



Search Now

Education Law Attorney

USA-CA-El Segundo

El Segundo office of a BCG Attorney Search Top Ranked Law Firm seeks an education law attorney with ...

Apply Now

Education Law Attorney

USA-CA-Carlsbad

Carlsbad office of a BCG Attorney Search Top Ranked Law Firm seeks an education law attorney with 4-...

Apply Now

Education Law and Public Entity Attorney

USA-CA-El Segundo

El Segundo office of a BCG Attorney Search Top Ranked Law Firm seeks an education law and public ent...

Apply Now

Most Popular

SEARCH IN ARCHIVE

To Top