Palm settles shareholder lawsuit over HP merger
In late April, HP announced it was purchasing the struggling smartphone maker Palm for $1.2 billion, after at least four other companies gave serious bids.
Palm had put itself up for sale in March after it became clear that the company's phones were not selling and it only had enough cash to last the next 12 months.
At the time, the smartphone maker reached out to 16 different companies and five gave serious offers. Only HP and Lenovo were named as potential buyers, while two other companies wanted to license Palm's patents, including the mobile operating system WebOS.
After Palm accepted HP's bid, which gave shareholders $5.70 a share, angry stock owners brought a class action lawsuit against the smartphone builder, arguing that they did not get the best deal. That suit has been settled today.

According to a note from Kaufman Bros. analyst Shaw Wu, who closely follows
AT&T has confirmed today that 114,067 iPad 3G owners have had their email information leaked to the Web, with the data being stolen by a group calling themselves Goatse Security.





