Investors: Falsity, Scienter Claims In HP Stock-Drop Suit Erroneously Rejected

Mealey's (February 28, 2022, 2:02 PM EST) -- SAN FRANCISCO — A federal district court erred in dismissing shareholder claims in a securities class action lawsuit 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 shareholders sufficiently alleged falsity and scienter in making their federal securities law claims, the shareholders argue in a Feb. 23 appellant brief filed in the Ninth Circuit U.S. Court of Appeals....