Press release
Investigation announced for Long-Term Investors in NYSE: HPQ shares over possible Wrongdoing at HP Inc.
An investigation on behalf of current long-term investors in shares of HP Inc. (NYSE: HPQ) concerning potential breaches of fiduciary duties by certain directors and officers of HP Inc. was announced.Investors who are current long term investors in HP Inc. (NYSE: HPQ) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm for current long term investors in NYSE: HPQ stocks follows a lawsuit filed against HP Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NYSE: HPQ stocks, concerns whether certain HP Inc. directors are liable in connection with the allegations made in that lawsuit.
According to that complaint filed in the U.S. District Court for the Northern District of California the plaintiff alleges that the defendants knew that the four-box model was severely deficient and not a strong predictor of Supplies demand and outcomes, because HP lacked telemetry data from its commercial printers and had to use unreliable and stagnant market share data to develop assumptions for the four-box model, that the defendants knew the lack of telemetry data for commercial printing was a critical shortcoming of the four-box model because HP possessed telemetry data on its personal printing side and knew it was a necessary element for an accurate understanding of the Supplies channel, and that as a result, the Supplies inventory in HP's channel exceeded demand by at least $100 million and HP's Supplies revenue growth was grossly inflated.
Those who purchased shares of HP Inc. (NYSE: HPQ) have certain options and should contact the Shareholders Foundation.
Media Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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