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HPQ.US

id: 1693

HP ($HPQ) $39M Investor Settlement

Late claims are being considered for compensation, subject to approval.

$39,000,000

Cash Settlement

N.D. California

Court

4:20-cv-07835

Case number

11/05/2015

Class period Start

06/21/2016

Class period End

01/12/2026

Claim deadline

HP ($HPQ) has agreed to a $39M settlement with investors over claims it misled them about its printing supplies business, particularly around inventory and sales practices that inflated revenue.

Outline:

HP assured investors that its printing supplies segment remained stable despite industry headwinds. Investors later alleged the company failed to disclose declining demand and excess inventory in its distribution channels. As the company revealed weaker sales and channel overstocking, the stock fell sharply. Investors filed suit and HP later agreed to a $39 million settlement.

Timeline:

June 21, 2016: HP held its Securities Analyst Meeting and emphasized stability in supplies revenue.
June–September 2016: Reports suggested demand for HP’s supplies was declining while the company continued to reassure investors.
September 30, 2016: HP disclosed weaker supplies sales and overstocking issues in its distribution channels.
October 5, 2016: $HPQ dropped nearly 10% following the disclosures.
November 9, 2020: Investors filed a securities class action in the Northern District of California.
August 19, 2025: HP agreed to a $39 million settlement to resolve the claims.
Background:

HP’s printing supplies segment, which includes toner and ink cartridges, has historically been a major contributor to the company’s revenue. During 2015 and 2016, the company told investors that demand for these products remained stable despite broader declines in the printing industry.

Investors later alleged that HP was experiencing weakening demand in the supplies business and had increased shipments to distributors to maintain reported revenue levels. According to the claims, this practice created excess inventory in the company’s distribution channels.

By September 2016, HP disclosed that sales in its supplies segment were weaker than previously indicated and acknowledged inventory buildup in its sales channels. These disclosures raised concerns about the sustainability of earlier reported revenue performance.

Following the announcements, $HPQ declined significantly. Investors alleged the company’s earlier statements about the health of its supplies business and demand trends were misleading.

What Can Investors Expect Now?

HP agreed to a $39 million settlement with $HPQ investors to resolve claims tied to statements about demand and inventory levels in its printing supplies business.

If you were damaged due to this situation, you can file for a payout and get your share of the settlement. You can check if you are eligible and other details in the FAQ section.

Case Type

US Securities Class Action

Case Status

Accepting Late Claims

Alleged Offence

Misleading Statements,

Financial Misrepresentation,

Failure to Disclose

Suspected Party

Management

Security Type

Stocks

Trade Direction

Long

Payout per Share

0.2

Filing date

11/05/2020

Plaintiffs

COUNTY OF YORK RETIREMENT FUND

Attorneys

Robbins Geller Rudman & Dowd LLP

Defendants

Dion J. Weisler; Catherine A. Lesjak

Administrator

EPIQ

Court hearing date

12/22/2025

Exclusion deadline

12/22/2025

Objection deadline

12/22/2025

Attorney fee

$11,571,196

Trades matching type

FIFO

Frequently Asked Questions

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