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Technology Stocks : Hewlett-Packard (HPQ)
HPQ 26.63+2.7%3:59 PM EST

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From: Sr K9/20/2010 6:45:15 PM
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5:32 p.m. | Updated

Hewlett-Packard and Oracle said on Monday that they have settled a lawsuit over the latter’s hiring of Mark V. Hurd, the former H.P. executive who was ousted amid a scandal involving a former actress.

Under the terms of the settlement, Mr. Hurd will give up 346,030 restricted stock units granted to him while he served as H.P.’s chief executive, effectively waiving the about half of the compensation owed him.

dealbook.blogs.nytimes.com
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