SAN FRANCISCO — A federal judge tossed a securities class action on Thursday that slammed Hewlett-Packard Co. for touting its code of conduct even as its former CEO became embroiled in an ethics scandal.
U.S. District Judge Jon Tigar granted HP’s motion to dismiss a putative class action that reached back to the fall of former HP CEO Mark Hurd, who resigned in 2010 after a contractor claimed Hurd made inappropriate sexual advances toward her. Plaintiffs alleged that HP misled investors by adopting a new ethics code without disclosing Hurd’s missteps.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
