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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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 [email protected], 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.
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The Law Offices of Frank R. Cruz, Los Angeles
Frank R. Cruz, 310-914-5007