$10.5M Settlement In HP Stock-Drop Suit Gets Preliminary Approval

Mealey's (April 12, 2023, 8:49 AM EDT) -- SAN FRANCISCO — A federal judge in California preliminarily approved a $10.5 million settlement in a class action against HP Inc. and senior executives in which the defendants are alleged to have misrepresented issues pertaining to the company’s print supplies channel inventory, ruling that the settlement appears to be fair, reasonable and adequate and appears to meet the statutory requirements for approval....