Hewlett-Packard Seeks Dismissal of Investor Hurd Suit
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Hewlett-Packard Co. asked a Delaware judge to dismiss a shareholder lawsuit seeking documents related to former Chief Executive Officer Mark Hurd’s departure, saying the request is “overbroad” and fails to set forth a basis to find probable wrongdoing.
Shareholder Ernesto Espinoza sued the company in November over access to corporate documents detailing an internal investigation of Hurd’s relationship with a contractor and the board’s subsequent decision to award him as much as $53 million in severance pay. Espinoza lacks a proper purpose for the inspection, HP said a filing today in Delaware Chancery Court in Wilmington.