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HP agrees to pay $57 million to settle shareholder lawsuit
Monday March 31st 2014, 11:41 pm Filed under Shareholder lawsuit

(Reuters) - Hewlett-Packard Co agreed to pay $57 million to settle a lawsuit that accused the personal computer maker's former management of defrauding shareholders by abandoning a business model it had long touted. The lawsuit was filed after former Chief Executive Leo Apotheker shocked investors on August 18, 2011 by announcing plans to refocus the company on business services and products. He ... [News Source]