{"id":382039,"date":"2020-11-16T12:03:24","date_gmt":"2020-11-16T17:03:24","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=382039"},"modified":"2020-11-16T12:03:24","modified_gmt":"2020-11-16T17:03:24","slug":"deadline-reminder-law-offices-of-howard-g-smith-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\/deadline-reminder-law-offices-of-howard-g-smith-reminds-investors-of-looming-deadline-in-the-class-action-lawsuit-against-hp-inc-hpq\/","title":{"rendered":"Deadline Reminder: Law Offices of Howard G. Smith Reminds Investors of Looming Deadline in the Class Action Lawsuit Against HP Inc. (HPQ)"},"content":{"rendered":"

<\/p>\n

Deadline Reminder: Law Offices of Howard G. Smith Reminds Investors of Looming Deadline in the Class Action Lawsuit Against HP Inc. (HPQ)<\/b><\/p>\n

BENSALEM, Pa.–(BUSINESS WIRE<\/a>)–
\nLaw Offices of Howard G. Smith reminds investors of the upcoming January 4, 2021<\/b>,deadline to file a lead plaintiff motion in the case filed on behalf of investors who purchased HP Inc. (\u201cHP\u201d or the \u201cCompany\u201d) (NYSE: HPQ<\/a>) common stock between November 6, 2015 and June 21, 2016<\/b>, inclusive (the \u201cClass Period\u201d).\n<\/p>\n

\nInvestors suffering losses on their HP investments are encouraged to contact the Law Offices of Howard G. Smith to discuss their legal rights in this class action at 888-638-4847 or by email to howardsmith@howardsmithlaw.com<\/a>.\n<\/p>\n

\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

\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

\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

\nIf you purchased or otherwise acquired HP common stock during the Class Period, you may move the Court no later than January 4, 2021 <\/b>to ask the Court to appoint you as lead plaintiff if you meet certain legal requirements. 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 these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020, by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com<\/a>, or visit our website at www.howardsmithlaw.com<\/a>.\n<\/p>\n

\nThis press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.\n<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20201116005193\/en\/<\/a><\/span><\/p>\n

\nLaw Offices of Howard G. Smith
\n
Howard G. Smith, Esquire
\n
215-638-4847
\n
888-638-4847
\n
howardsmith@howardsmithlaw.com
\n<\/a>
www.howardsmithlaw.com<\/a><\/p>\n

\n\u00a0\n<\/p>\n

KEYWORDS:<\/b> United States North America Pennsylvania<\/p>\n

INDUSTRY KEYWORDS:<\/b> Legal Professional Services<\/p>\n

MEDIA:<\/b><\/p>\n\n","protected":false},"excerpt":{"rendered":"

Deadline Reminder: Law Offices of Howard G. Smith Reminds Investors of Looming Deadline in the Class Action Lawsuit Against HP Inc. (HPQ) BENSALEM, Pa.–(BUSINESS WIRE)– Law Offices of Howard G. Smith reminds investors of the upcoming January 4, 2021,deadline to file a lead plaintiff motion in the case filed on behalf of investors who purchased 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). Investors suffering losses on their HP investments are encouraged to contact the Law Offices of Howard G. Smith to discuss their legal rights in this class action at 888-638-4847 or by email to howardsmith@howardsmithlaw.com. On June 21, 2016, after the market closed, HP … <\/p>\n

Continue reading “Deadline Reminder: Law Offices of Howard G. Smith Reminds Investors of Looming Deadline in the Class Action Lawsuit Against HP Inc. (HPQ)”<\/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-382039","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nDeadline Reminder: Law Offices of Howard G. Smith Reminds Investors of Looming Deadline in the Class Action Lawsuit Against HP Inc. 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Smith reminds investors of the upcoming January 4, 2021,deadline to file a lead plaintiff motion in the case filed on behalf of investors who purchased 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). Investors suffering losses on their HP investments are encouraged to contact the Law Offices of Howard G. Smith to discuss their legal rights in this class action at 888-638-4847 or by email to howardsmith@howardsmithlaw.com. On June 21, 2016, after the market closed, HP … Continue reading "Deadline Reminder: Law Offices of Howard G. Smith Reminds Investors of Looming Deadline in the Class Action Lawsuit Against HP Inc. 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