An investigation on behalf of current long term investors in HP Inc. (NYSE:HPQ) shares over possible breaches of fiduciary duty by certain officers and directors was announced.
San Diego, CA -- (SBWIRE) -- 05/18/2020 -- Certain directors of HP Inc. are under investigation over potential breaches of fiduciary duties.
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 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.
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.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , 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, investigation, and/or settlements are not filed/reached and/or 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.