HP Shareholder Claims Over Autonomy Accounting Are Withdrawn
A retirement fund withdrew its claims against Hewlett-Packard Co. (HPQ)’s directors and auditors, along with Autonomy Corp. founder Mike Lynch over alleged misstatements related to the 2011 purchase of the British software maker.
The City of Birmingham Retirement and Relief System voluntarily dismissed its claims in one of at least two so- called derivative cases filed in federal court in San Jose, California, on behalf of Hewlett-Packard, according to a filing today.
Shane P. Sanders, a lawyer who filed the dismissal without any explanation in the filing, didn’t immediately return a call after regular business hours seeking comment on it.
Michael Thacker, a spokesman for Palo Alto, California- based Hewlett-Packard, didn’t immediately return an e-mail after regular business hours seeking comment.
The case is Ricciardi v. Lynch, 12-cv-06003, U.S. District Court, Northern District of California (San Jose).
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