The Law Offices of Frank R. Cruz Announces Investigation on Behalf of HP Inc. Investors (HPQ)
22 Februar 2020 - 6:00PM
Business Wire
The Law Offices of Frank R. Cruz announces an investigation on
behalf of HP Inc. (“HP” or the “Company”) (NYSE: HPQ) investors
concerning the Company and its officers’ possible violations of
federal securities laws.
If you are a shareholder who suffered a loss, click here to
participate.
On October 3, 2019, after the market closed, HP announced that
it was "departing from the purely transactional Supplies-centric
business model" and moving away from using the four-box model,
transitioning instead to a hardware-driven business model. The
Company also announced mass layoffs as part of a major
restructuring, in which it expected to cut between 7,000 to 9,000
positions, or up to 16% of its global workforce, over three
years.
On this news, the Company’s share price fell $1.72, or nearly
10%, to close at $16.64, on unusually high trading volume.
Follow us for updates on Twitter: twitter.com/FRC_LAW.
If you purchased HP securities, have information or would like
to learn more about these claims, or have any questions concerning
this announcement or your rights or interests with respect to these
matters, please contact Frank R. Cruz, of The Law Offices of Frank
R. Cruz, 1999 Avenue of the Stars, Suite 1100, Los Angeles,
California 90067 at 310-914-5007, by email to
info@frankcruzlaw.com, or visit our website at
www.frankcruzlaw.com. If you inquire by email please include your
mailing address, telephone number, and number of shares
purchased.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and ethical rules.
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version on businesswire.com: https://www.businesswire.com/news/home/20200222005009/en/
The Law Offices of Frank R. Cruz, Los Angeles Frank R. Cruz,
310-914-5007 fcruz@frankcruzlaw.com www.frankcruzlaw.com
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