Lawsuit challenging HP payout to Mark Hurd dismissed

The judge gave the plaintiffs 30 days to file an amended complaint

By , IDG News Service |  IT Management

Plaintiffs' argument that the release of claims was illusory because there was no indication that Hurd had any claim against HP fails, the Judge wrote in his order. The argument ignored that if the board had not negotiated the terms of Hurd's departure and instead had fired him for cause or denied him severance, Hurd could have sued, bringing a claim for wrongful termination or violation of the severance plan, with attendant expense of litigation and negative publicity for HP.

John Ribeiro covers outsourcing and general technology breaking news from India for The IDG News Service. Follow John on Twitter at @Johnribeiro. John's e-mail address is john_ribeiro@idg.com

Join us:
Facebook

Twitter

Pinterest

Tumblr

LinkedIn

Google+

IT ManagementWhite Papers & Webcasts

See more White Papers | Webcasts

Answers - Powered by ITworld

Join us:
Facebook

Twitter

Pinterest

Tumblr

LinkedIn

Google+

Ask a Question
randomness