Hewlett-Packard agreed to settle, for $117.5 million, a securities fraud case arising out of options backdating at Mercury Interactive, which H-P acquired in 2006. WSJ article here.
Partner Joel Bernstein at Labaton Sucharow praised the settlement as dwarfing the previous largest one, in which Rambus paid $18 million.
The pact requires court approval.
Barry Barnett
