U.S. judge casts doubt on HP-shareholder settlement in Autonomy lawsuit

Reuters News
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Posted: Aug 25, 2014 1:09 PM

SAN FRANCISCO (Reuters) - A U.S. judge cast doubt on Monday over a proposed agreement struck between Hewlett Packard Co and plaintiff shareholders to settle a lawsuit over the computing giant's botched acquisition of Autonomy Plc.

At a hearing on Monday in San Francisco federal court, U.S. District Judge Charles Breyer said the settlement contained a "potentially fatal" provision, under which HP would hire shareholder attorneys to pursue claims against ex-Autonomy executives. He said that provision may prevent his approving the deal.

(Reporting by Dan Levine; Editing by Diane Craft)