Shareholders’ Securities Law Claims Against HP Miss The Mark, Company Argues

Mealey's (May 12, 2022, 8:38 AM EDT) -- SAN FRANCISCO — A federal district court did not err in dismissing shareholder claims against HP Inc. and certain of its current and former senior executives over the defendants’ alleged misrepresentations pertaining to issues with the company’s print supplies channel inventory because the shareholders failed to sufficiently plead any actionable misstatements or omissions, scienter or loss causation in stating their federal securities law claims, HP argues in an April 25 appellee brief filed in the Ninth Circuit U.S. Court of Appeals....