A lawsuit has been filed against the HP board of directors on behalf of an HP shareholder. The suit is alleging that the directors “violated their fiduciary duties in connection with the events surrounding the resignation” of former CEO Mark Hurd:
https://gizmodo.com/apparently-former-hp-ceo-mark-hurd-was-a-thug-5609780
Among other things, the 45-page suit alleges that H-P’s board violated its corporate-governance guidelines by failing to inform shareholders of the investigation. It also attacks details of Mr. Hurd’s exit package, which is estimated at above $35 million.
Yikes. Just what HP’s board needs to deal with while trying to find a new CEO. [WSJ via CNET]
