9th Circuit Panel Affirms HP Shareholder Derivative Action Settlement Approval

Mealey's (November 30, 2017, 2:21 PM EST) -- SAN FRANCISCO — A federal judge did not abuse his discretion in approving the terms of a third proposed settlement in a shareholder derivative lawsuit stemming from Hewlett-Packard Co.’s (HP) acquisition of a British software company because the settlement, among other things, caused HP to enact certain corporate governance measures, a Ninth Circuit U.S. Court of Appeals panel ruled Nov. 28 (In re:  Hewlett-Packard Co. Shareholder Derivative Litigation, No. 15-16688, 9th Cir., 2017 U.S. App. LEXIS 24055)....