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HP must face shareholder lawsuit over $16.2 billion market value loss

Suit accuses HP of misleading investors about its commitment to WebOS and other products

A judge has ordered Hewlett-Packard Co. to face a shareholder lawsuit accusing the computer maker’s former management of fraudulently misleading investors about its commitment to certain products.

The lawsuit accuses executives including former CEO Leo Apotheker of misleading shareholders about HP’s commitment to WebOS, the operating system it acquired when it purchased Palm Inc. in 2010, and other products including its TouchPad tablet.

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