The Law Offices of Frank R. Cruz announces an investigation of HP Inc. (“HP” or the “Company”) (NYSE: HPQ) on behalf of investors concerning the Company’s possible violations of federal securities laws.
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On September 30, 2020, the U.S. Securities and Exchange Commission (“SEC”) announced that HP had agreed to pay $6 million to settle charges “for misleading investors by failing to disclose the impact of sales practices undertaken in an effort to meet quarterly sales and earnings targets.” The SEC’s Order stated that, from early 2015 through mid-2016, “in an effort to meet quarterly sales targets, regional managers at HP used a variety of incentives to accelerate, or “pull-in” to the current quarter, sales of printing supplies that they otherwise expected to materialize in later quarters.”
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