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    09.05.14 Professor Minor Myers Comments on HP Shareholder Suit in New York Times
    Professor Minor Meyers

    Professor Minor Myers recently spoke to the New York Times about the outcome of a shareholders’ suit against HP. In an effort to keep the case out of court, HP has offered to pay the plaintiffs’ lawyers millions in fees in exchange for a settlement that will leave shareholders with no financial gains or the demanded personnel changes. Professor Myers described the case as an example of a faulty shareholder system: “You wish that both the plaintiff and defendants would behave differently, but the incentives are all set up for them to do this.” He added, “Judges could be doing more… They could say, ‘I don't see how this fee is proportional to the benefit, and you could have gotten a lot more if you'd pushed harder.’”

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    Read more about Professor Myers.