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A Hewlett-Packard Co. investor has sued former chief executive Mark Hurd and the board of directors, claiming disclosures surrounding his resignation led to a drop in the shares.
“HP lost significant credibility and the market punished HP (and its shareholders) upon the 8/ 6/10 revelation of Hurd’s termination,” according to the complaint filed Tuesday in state court in Santa Clara County, Calif., by a Massachusetts-based pension fund.
