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

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