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Zhang Investor Law announces a class action lawsuit on behalf of shareholders who bought shares of HP Inc. (NYSE: HPQ) from February 23, 2017 through October 3, 2019 (the “Class Period”). The lawsuit seeks to recover damages for HP Inc. investors under the federal securities laws.
If you bought HP Inc. securities between February 23, 2017 through October 3, 2019, and would like to join the action, please click “Join This Class Action,” above.
SHAREHOLDER ALERT: Zhang Investor Law Announces a Securities Class Action Lawsuit Against HP Inc. – HPQ
New York, N.Y., February 26, 2020. Zhang Investor Law announces a class action lawsuit on behalf of shareholders who bought shares of HP Inc. (NYSE: HPQ) between February 23, 2017 and October 3, 2019, inclusive (the “Class Period”).
To join the HPQ class action, go to http://zhanginvestorlaw.com/cases/hp-inc/ call Sophie Zhang, Esq. toll-free at 800-991-3756 or email firstname.lastname@example.org for information on the class action.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY RETAIN COUNSEL OF YOUR CHOICE. YOU NEED NOT BE A LEAD PLAINTIFF IN ORDER TO OBTAIN COMPENSATION.
According to the lawsuit, throughout the Class Period (1) HP’s four-box model was severely deficient and not a strong predictor of Supplies demand and outcomes, because HP lacked telemetry data from its commercial printers and had to use unreliable and stagnant market share data to develop assumptions for the model; (2) the lack of telemetry data for commercial printing was a critical shortcoming of the four-box model because HP possessed telemetry data on its personal printing side and knew it was a necessary element for an accurate understanding of the Supplies channel; (3) as a result, the Supplies inventory in the Company’s channel exceeded demand by at least $100 million and HP’s Supplies revenue growth was grossly inflated; and (4) accordingly, the Company’s public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.
A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than April 20, 2020. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to join the litigation, go to http://zhanginvestorlaw.com/cases/hp-inc/ or to discuss your rights or interests regarding this class action, please contact Sophie Zhang, Esq. of Zhang Investor Law toll free at 800-991-3756 or via e-mail at email@example.com.
Zhang Investor Law represents investors worldwide.