Orlando Mediator Lawrence Kolin explores current issues in Alternative Dispute Resolution, including mediation and arbitration of complex disputes by neutrals resulting in settlement of state and federal litigation. This blog covers a wide variety of topics-- local, national, and international-- and includes the latest on technology and electronic discovery affecting sophisticated lawyers and parties to lawsuits.
Monday, June 30, 2014
HP Shareholder Suits Over Autonomy Settle
Today Hewlett-Packard reached a settlement in shareholder lawsuits related to its acquisition of software firm Autonomy. Hp stockholders alleged CEO Meg Whitman didn't do enough to follow up on warning signs about weaknesses in Autonomy's financials and products. Hp claimed it was duped into paying more than $11 billion for Autonomy, because of willfully inflated financial statements at the U.K. firm. Autonomy's former CEO denied accusations of improper accounting. Hp continues to face other lawsuits and regulatory inquiries into the Autonomy deal, but the settlement reportedly demonstrates cleaning up the mess from the acquisition, which contributed to a huge write down and shake-up of Its board. See full story here-- http://bit.ly/1pFMmlo