{"id":380007,"date":"2020-11-12T11:33:07","date_gmt":"2020-11-12T16:33:07","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=380007"},"modified":"2020-11-12T11:33:07","modified_gmt":"2020-11-12T16:33:07","slug":"glancy-prongay-murray-llp-reminds-investors-of-looming-deadline-in-the-class-action-lawsuit-against-hp-inc-hpq","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/glancy-prongay-murray-llp-reminds-investors-of-looming-deadline-in-the-class-action-lawsuit-against-hp-inc-hpq\/","title":{"rendered":"Glancy Prongay &amp; Murray LLP Reminds Investors of Looming Deadline in the Class Action Lawsuit Against HP Inc. (HPQ)"},"content":{"rendered":"<p>        <!--body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p><b>Glancy Prongay &amp; Murray LLP Reminds Investors of Looming Deadline in the Class Action Lawsuit Against HP Inc. (HPQ)<\/b><\/p>\n<p>LOS ANGELES&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.glancylaw.com%2Fcases%2Fintel-corporation%2F&amp;esheet=52325704&amp;newsitemid=20201112005311&amp;lan=en-US&amp;anchor=Glancy+Prongay+%26amp%3B+Murray+LLP&amp;index=1&amp;md5=18ef4d3aac87dc61ed977550c4f6a707\">Glancy Prongay &amp; Murray LLP<\/a> (\u201cGPM\u201d) reminds investors of the upcoming <b>January 4, 2021 <\/b>deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased or otherwise acquired HP Inc. (\u201cHP\u201d or the \u201cCompany\u201d) (NYSE: <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Ffinance.yahoo.com%2Fquote%2FHPQ&amp;esheet=52325704&amp;newsitemid=20201112005311&amp;lan=en-US&amp;anchor=HPQ&amp;index=2&amp;md5=390d064ed6de714677311895429e2694\">HPQ<\/a>) common stock between <b>November 6, 2015 and June 21, 2016<\/b>, inclusive (the \u201cClass Period\u201d).\n<\/p>\n<p>\nIf you suffered a loss on your HP investments or would like to inquire about potentially pursuing claims to recover your loss under the federal securities laws, you can submit your contact information at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.glancylaw.com%2Fcases%2Fhp-inc%2F&amp;esheet=52325704&amp;newsitemid=20201112005311&amp;lan=en-US&amp;anchor=https%3A%2F%2Fwww.glancylaw.com%2Fcases%2Fhp-inc%2F&amp;index=3&amp;md5=1115f78675c995816d4503f292eb17b3\">https:\/\/www.glancylaw.com\/cases\/hp-inc\/<\/a>. You can also contact Charles H. Linehan, of GPM at 310-201-9150, Toll-Free at 888-773-9224, or via email at <a rel=\"nofollow\" href=\"mailto:shareholders@glancylaw.com\">shareholders@glancylaw.com<\/a> to learn more about your rights.\n<\/p>\n<p>\nHP offers personal computers, printers, and related supplies, solutions, and services. Within HP\u2019s Printing segment is the Supplies division, which consists of printing and computing supplies, such as toner, ink cartridges, and related printing supplies. Almost 80% of HP\u2019s operating profit is derived from its Printing business.\n<\/p>\n<p>\nOn June 21, 2016, after the market closed, HP revealed that it would reduce its Supplies channel inventory by $450 million, resulting in a corresponding reduction of $450 million in Supplies revenue over the remainder of 2016.\n<\/p>\n<p>\nOn this news, HP\u2019s stock price fell $0.72, or 5.4%, to close at $12.61 per share on June 22, 2016.\n<\/p>\n<p>\nThe complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and\/or misleading statements, as well as failed to disclose material adverse facts about the Company\u2019s business, operations, and prospects. Specifically, Defendants failed to disclose: (1) that HP\u2019s channel inventory management and sales practices resulted in the sale of supplies to customers that did not need or want the product in order to artificially increase revenues and profits; (2) that HP\u2019s channel inventory management and sales practices resulted in the sale of supplies to customers outside of designated regions at unsustainable discounts in order to artificially increase revenues and profits; (3) that HP\u2019s channel inventory management and sales practices resulted in the sale of supplies at steep discounts to customers to encourage those customers to sell the supplies further down the supply channel, out of HP\u2019s inventory management metrics; and (4) that, as a result of the foregoing, defendants\u2019 statements about the Company\u2019s business condition and prospects were materially false and misleading when made.\n<\/p>\n<p>\nFollow us for updates on <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fglancy-prongay-murray-llp&amp;esheet=52325704&amp;newsitemid=20201112005311&amp;lan=en-US&amp;anchor=LinkedIn&amp;index=4&amp;md5=968dc7fe4d92164dd6779dd77239c7a3\">LinkedIn<\/a>, <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Ftwitter.com%2FGPM_llp&amp;esheet=52325704&amp;newsitemid=20201112005311&amp;lan=en-US&amp;anchor=Twitter&amp;index=5&amp;md5=331be0f7a41c7c1bfc473ef502a8d8e4\">Twitter<\/a>, or <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.facebook.com%2FGlancyLawFirm%2F&amp;esheet=52325704&amp;newsitemid=20201112005311&amp;lan=en-US&amp;anchor=Facebook&amp;index=6&amp;md5=40593436b2b537ce831aa8f23ed60c91\">Facebook<\/a>.\n<\/p>\n<p>\nIf you purchased or otherwise acquired HP common stock during the Class Period, you may move the Court no later than <b>January 4, 2021 <\/b>to request appointment as lead plaintiff in this putative class action lawsuit. To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action. If you wish to learn more about this class action, or if you have any questions concerning this announcement or your rights or interests with respect to the pending class action lawsuit, please contact Charles Linehan, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to <a rel=\"nofollow\" href=\"mailto:shareholders@glancylaw.com\">shareholders@glancylaw.com<\/a>, or visit our website at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.glancylaw.com&amp;esheet=52325704&amp;newsitemid=20201112005311&amp;lan=en-US&amp;anchor=www.glancylaw.com&amp;index=7&amp;md5=acafe45b9c44b95e13e3a24205c16738\">www.glancylaw.com<\/a>. If you inquire by email please include your mailing address, telephone number and number of shares purchased.\n<\/p>\n<p>\nThis press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20201112005311r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20201112005311\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20201112005311\/en\/<\/a><\/span><\/p>\n<p>\nGlancy Prongay &amp; Murray LLP, Los Angeles<br \/>\n<br \/>Charles Linehan, 310-201-9150 or 888-773-9224<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:shareholders@glancylaw.com\">shareholders@glancylaw.com<br \/>\n<\/a><br \/><a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.glancylaw.com&amp;esheet=52325704&amp;newsitemid=20201112005311&amp;lan=en-US&amp;anchor=www.glancylaw.com&amp;index=8&amp;md5=90c8336662bf26b4fe92c8caa231644b\">www.glancylaw.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> United States North America California<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Legal Professional Services<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20201112005311\/en\/478343\/3\/GPM_Logo_Colo.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Glancy Prongay &amp; Murray LLP Reminds Investors of Looming Deadline in the Class Action Lawsuit Against HP Inc. (HPQ) LOS ANGELES&#8211;(BUSINESS WIRE)&#8211;Glancy Prongay &amp; Murray LLP (\u201cGPM\u201d) reminds investors of the upcoming January 4, 2021 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased or otherwise acquired HP Inc. (\u201cHP\u201d or the \u201cCompany\u201d) (NYSE: HPQ) common stock between November 6, 2015 and June 21, 2016, inclusive (the \u201cClass Period\u201d). If you suffered a loss on your HP investments or would like to inquire about potentially pursuing claims to recover your loss under the federal securities laws, you can submit your contact information at https:\/\/www.glancylaw.com\/cases\/hp-inc\/. You can also contact Charles H. Linehan, &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/glancy-prongay-murray-llp-reminds-investors-of-looming-deadline-in-the-class-action-lawsuit-against-hp-inc-hpq\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Glancy Prongay &amp; Murray LLP Reminds Investors of Looming Deadline in the Class Action Lawsuit Against HP Inc. (HPQ)&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-380007","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Glancy Prongay &amp; Murray LLP Reminds Investors of Looming Deadline in the Class Action Lawsuit Against HP Inc. (HPQ) - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/glancy-prongay-murray-llp-reminds-investors-of-looming-deadline-in-the-class-action-lawsuit-against-hp-inc-hpq\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Glancy Prongay &amp; Murray LLP Reminds Investors of Looming Deadline in the Class Action Lawsuit Against HP Inc. (HPQ) - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Glancy Prongay &amp; Murray LLP Reminds Investors of Looming Deadline in the Class Action Lawsuit Against HP Inc. (HPQ) LOS ANGELES&#8211;(BUSINESS WIRE)&#8211;Glancy Prongay &amp; Murray LLP (\u201cGPM\u201d) reminds investors of the upcoming January 4, 2021 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased or otherwise acquired HP Inc. (\u201cHP\u201d or the \u201cCompany\u201d) (NYSE: HPQ) common stock between November 6, 2015 and June 21, 2016, inclusive (the \u201cClass Period\u201d). If you suffered a loss on your HP investments or would like to inquire about potentially pursuing claims to recover your loss under the federal securities laws, you can submit your contact information at https:\/\/www.glancylaw.com\/cases\/hp-inc\/. You can also contact Charles H. Linehan, &hellip; Continue reading &quot;Glancy Prongay &amp; Murray LLP Reminds Investors of Looming Deadline in the Class Action Lawsuit Against HP Inc. 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(\u201cHP\u201d or the \u201cCompany\u201d) (NYSE: HPQ) common stock between November 6, 2015 and June 21, 2016, inclusive (the \u201cClass Period\u201d). If you suffered a loss on your HP investments or would like to inquire about potentially pursuing claims to recover your loss under the federal securities laws, you can submit your contact information at https:\/\/www.glancylaw.com\/cases\/hp-inc\/. You can also contact Charles H. Linehan, &hellip; Continue reading \"Glancy Prongay &amp; Murray LLP Reminds Investors of Looming Deadline in the Class Action Lawsuit Against HP Inc. 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