United States District Court, Northern District of California
CPM served as Lead Counsel in a derivative case against the officers and directors of Hewlett-Packard Company relating to HP's failed $11.7 billion acquisition of Autonomy. Just one year after the acquisition, HP announced an $8.8 billion write-down and claiming that its management had not been informed of issues with Autonomy’s sales practices. CPM negotiated a settlement reforming HP’s merger and acquisition due diligence and disclosure practices applied to HP deals going forward.
