Class Action Reports

HP Inc. Class Action Lawsuit

Matt Snitzer

January 5, 2021

Levi & Korsinsky, LLP reminds shareholders that a HPQ class action lawsuit has been commenced on behalf of investors who purchased HP Inc. (HPQ) securities between November 6, 2015 and June 21, 2016. For more on the HP Class Action please contact us today.

 

According to the HP lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: (a) HP’s channel inventory management and sales practices resulted in the sale of supplies to customers that did not need or want the product in order to artificially increase revenues and profits; (b) HP’s channel inventory management and sales practices resulted in the sale of supplies to customers outside of designated regions at unsustainable discounts in order to artificially increase revenues and profits; (c) HP’s channel inventory management and sales practices resulted in the sale of supplies at steep discounts to customers to encourage those customers to sell the supplies further down the supply channel, out of HP’s inventory management metrics; and (d) as a result of (a)-(c) above, defendants’ statements about HP’s business condition and prospects were materially false and misleading when made.

 

TO LEARN MORE ABOUT THE HPQ CLASS ACTION, CLICK HERE

 

If you suffered a loss in HP you have until January 4, 2021 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery does not require that you serve as a lead plaintiff.

CONTACT:

Levi & Korsinsky, LLP

Joseph E. Levi, Esq.

55 Broadway, 10th Floor

New York, NY 10006

jlevi@levikorsinsky.com

Tel: (212) 363-7500

Fax: (212) 363-7171

www.zlk.com