SAN FRANCISCO — A federal judge on Friday finally green-lighted a settlement that resolves shareholder derivative claims against Hewlett-Packard Co. over its disastrous 2011 acquisition of British software firm Autonomy.
The proposed deal, which provides for governance reforms but no cash for shareholders, represents the lawyers’ fourth attempt to settle the case. U.S. District Judge Charles Breyer rejected the last proposal because it released HP from allegations unrelated to Autonomy. But the latest deal resolves those concerns, the judge wrote Friday in an order granting preliminary approval. He set a final approval hearing for July.
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