HP Autonomy: HP Shareholder Deal
March 14, 2015
I am no legal eagle. I did find “US Judge Approves HP Shareholder Deal over Autonomy Acquisition” interesting. (If the news story disappears, well, that’s life in the world of real news.)
The story reports:
Hewlett-Packard Co won preliminary approval from a U.S. judge to settle shareholder litigation on Friday involving the information technology company’s botched acquisition of Autonomy Plc. The ruling, from U.S. District Judge Charles Breyer in San Francisco, comes after HP failed to win approval of two previous proposed deals. Breyer had written that the last deal may not have been fair for shareholders because it could have forced them to give up claims beyond the Autonomy deal.
The battle over HP’s decision to purchase Autonomy continues. I assume the lawyers representing the parties to this matter are thinking about appeals. Will billing cross their minds?
Stephen E Arnold, March 14, 2015
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HP Autonomy: HP Shareholder Deal : Stephen E. Arnold @ Beyond Search