Newman Ferrara LLP Announces A Securities Fraud Class Action Lawsuit Has Been Filed Against Hewlett-Packard Co.

  Newman Ferrara LLP Announces A Securities Fraud Class Action Lawsuit Has
  Been Filed Against Hewlett-Packard Co.

Business Wire

NEW YORK -- November 27, 2012

Newman Ferrara LLP announces that a class action lawsuit has been filed
against Hewlett-Packard Co. (“HP”) (NYSE: HPQ) and certain of its executive
officers, alleging violations of federal securities laws.

Investors who purchased HP securities between August 19, 2011 and November 20,
2012 (the “Class Period”) may apply with the Court to be appointed Lead
Plaintiff no later than January 25, 2013. The Lead Plaintiff will direct the
litigation on behalf of the other class members. The Court will select the
Lead Plaintiff from among applicants claiming the largest investment losses.

Investors who purchased shares of HP stock during the Class Period are
encouraged to contactNewman Ferrara attorney Roy Shimon at rshimon@nfllp.com
or call (212) 619-5400 to discuss this lawsuit or the Lead Plaintiff process.

On August 18, 2011, HP acquired software maker Autonomy Corporation
(“Autonomy”) for $10.2 billion. On November 20, 2012, HP announced that it had
taken an $8.8 billion write-down from its acquisition of Autonomy due to
accounting improprieties that existed at Autonomy. On this news, HP’s stock
plunged to its 52-week low of $11.35 per share.

The Complaint alleges that the defendants knew, but concealed from the public,
that at the time HP acquired Autonomy, Autonomy’s reported operating results
and historic growth were the result of serious accounting improprieties,
including the mischaracterization of sales and the improper recognition of
revenue. Numerous published reports have claimed that Autonomy’s questionable
accounting practices were no secret and numerous red flags should have warned
HP before it acquired Autonomy. HP’s acquisition of Autonomy is currently
being investigated by the FBI and SEC.

Whistleblowers: Persons with knowledge that may aid in the investigation of
this matter are encouraged to contact the firm. Under the Dodd-Frank Wall
Street Reform Bill, whistleblowers are protected from employer retaliation and
may be entitled to as much as 30 percent of the recovery if the information
provided leads to a successful action.

Newman Ferrara maintains a multifaceted practice based in New York City with
attorneys specializing in complex commercial and multi-party litigation,
securities fraud and shareholder litigation, consumer protection, civil
rights, and real estate. For more information, please visit the firm website
at www.nfllp.com.

Contact:

Newman Ferrara LLP
Attorney: Roy Shimon
1250 Broadway, 27^th Fl.
New York, NY 10001
rshimon@nfllp.com
Tel. 212.619.5400
 
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