HP Faces More Lawsuits Related to Hurd's Ouster

Lora Bentley
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HP is due for a little more scandal now that the Oracle-SAP verdict is in and Leo Apotheker can come out of hiding, right? Just in time, because SiliconValley.com reports that shareholders have filed more lawsuits-under seal this time-against HP seeking information and monetary relief relating to the dismissal of former CEO Mark Hurd.


Lawrence Zucker seeks monetary relief on behalf of the company, arguing that the board of directors wasted company resources when they gave Hurd a $40 million severance package upon his departure.


Ernesto Espinoza merely seeks the release of corporate documents related to Hurd's ouster.


These lawsuits, in addition to those filed more closely in time to the transition of power at HP, illustrate just how much scrutiny a board's decisions and actions must withstand. Boards do not act in a vacuum, and those who are affected by their actions will call them to account.

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