Sunday June 24, 2012

Lawsuit Over HP Ex-CEO Hurd Payout Dismissed

Scandals don’t have a very long shelf life, but trials involving them apparently do. After almost two years of legal procedings, Judge Donald Parsons of the Delaware Chancery Court has dismissed the case and found no wrongdoing on the part of Hewlett-Packard in awarding Hurd a $40 Million severance package.

In his 30-page opinion issued on Thursday, Parsons said denying severance to Hurd could have hurt HP by making it more difficult to find a replacement.