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Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until April 20, 2020 to file lead plaintiff applications in a securities class action lawsuit against HP Inc. (NYSE: HPQ).
HP and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
On October 3, 2019, the Company disclosed that it was abandoning its “four-box” business model, previously touted by the Company as an valuable tool to determine demand and revenue in its Supplies segment, turning instead to a hardware-driven business model that would de-emphasize Supplies revenue, as well as mass layoffs of between 7,000 to 9,000 positions, up to 16% of its global workforce, as a part of major restructuring.
On this news, the price of HP’s shares plummeted nearly 10%, on unusually high trading volume.
If you purchased shares of HP and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email (email@example.com), or fill out the form on this page.
The case is Electrical Workers Pension Fund, Local 103, I.B.E.W. v. HP Inc., 3:20-cv-01260.
Click here to read the first filed complaint.