SAN FRANCISCO — The nation’s largest public pension fund is the latest to voice concerns with a settlement that would extinguish shareholder derivative litigation over Hewlett-Packard Co.’s botched 2011 acquisition of British software firm Autonomy.
In a Sept. 23 letter to U.S. District Judge Charles Breyer of the Northern District of California, the California Public Employees’ Retirement System complained that the proposed deal leaves “shareholders in the dark” as to how much will be paid to plaintiffs’ lawyers with Cotchett, Pitre & McCarthy and Robbins Geller Rudman & Dowd.
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