For reprint rights or to purchase a copy of your Daily Journal photo, email jeremy@reprintpros.com for prices or call 949-702-5390.

To buy more copies, call 866-531-1492 or email subscribe@dailyjournal.com
This is the property of the Daily Journal Corporation and fully protected by copyright. It is made available only to Daily Journal subscribers for personal or collaborative purposes and may not be distributed, reproduced, modified, stored or transferred without written permission. Please click "Reprint" to order presentation-ready copies to distribute to clients or use in commercial marketing materials or for permission to post on a website. and copyright (showing year of publication) at the bottom.
Subscribe to the Daily Journal for access to Daily Appellate Reports, Verdicts, Judicial Profiles and more...

Technology,
Labor/Employment

Feb. 24, 2023

HP denies it misrepresented reduction in workforce plan

The litigation stems from allegations made by shareholders that Hewlett-Packard and Computer Sciences Corp. Inc. merged in April 2017 to create co-defendant DXC and misrepresented its $1 billion layoff plan in Securities and Exchange Commission filings.

Attorneys for Hewlett Packard Enterprise Co. argued Thursday that shareholders suing the company over a $2.7 billion round of layoffs following a 2017 merger to create information technology company DXC Technology Co. cannot pursue claims that it materially misrepresented its plan for a reduction in force.

The litigation stems from allegations made by shareholders’ counsel — Daniel C. Girard of Girard Sharp LLP; David W. Hall of Hedin Hall...

To continue reading, please subscribe.
For only $95 a month (the price of 2 article purchases)
Receive unlimited article access and full access to our archives,
Daily Appellate Report, award winning columns, and our
Verdicts and Settlements.
Or
$795 for an entire year!

Or access this article for $45
(Purchase provides 7-day access to this article. Printing, posting or downloading is not allowed.)

Already a subscriber?

Enewsletter Sign-up



By using our website, you agree to our use of cookies in accordance with our cookie policy. You can learn more about how we use cookies by reviewing our Privacy Policy here.