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Palm, Inc. investors File Lawsuit For Accepting the HP Takeover Offer

  • If you currently hold shares of Palm, Inc. (Public, NASDAQ:PALM) ), you have certain options and you should contact the Shareholders Foundation, Inc.

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Lawsuit Overview

After Hewlett-Packard Company announced last Wednesday to take over Palm for $5.70 per PALM share at least 7 enraged PALM investors filed lawsuits in California State Court on behalf of current investors in Palm, Inc. ( NASDAQ:PALM) alleging breaches of fiduciary duty by the board of directors of Palm for selling Palm too cheaply to HP. Palm, Inc., located in Sunnyvale, California, i...



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