HP Inc. $39 Million Securities Class Action Settlement
HP Inc. has settled a $39 million class action lawsuit alleging misleading statements about its Supplies business inflated stock prices.Summary
HP Inc. has agreed to a $39 million settlement to resolve a securities class action lawsuit filed by shareholders who purchased company stock between November 5, 2015, and June 21, 2016. The lawsuit alleged that HP and its executives made false and misleading statements regarding the company’s Supplies business and related financial disclosures, artificially inflating the stock price. Eligible class members, who suffered damages as a result, can claim a cash payment. The average distribution per share is approximately $0.19 before deductions for taxes, administration costs, and attorney fees. Claimants must provide documentation of their stock transactions, and the claim deadline is January 12, 2026. The settlement fund will cover notice and administration costs, attorney’s fees and expenses, a service award to the class representative, and ultimately, payments to class members. The defendants denied wrongdoing but settled to avoid further litigation costs.
(Source：Claim Depot)