In re Hewlett-Packard Co. Securities Litigation, No. SACV 11-1404 AG (RNBx) (C.D. Cal.) (misrepresentations regarding software development)

As counsel to the European institutional lead plaintiff, Sturman LLC represented a class of investors who purchased Hewlett-Packard common stock between November 22, 2010 and August 18, 2011.  The lawsuit concerned Hewlett-Packard’s misleading statements to its investors about its ability to release over a hundred million webOS-enabled devices by the end of 2011. After Hewlett-Packard abandoned webOS development in August 2011, the company’s stock price declined significantly.  The court granted final approval to a $57 million settlement on September 15, 2014.