HP 'Settles' With SEC Over Pretexting-gate

from the painless dept

HP is starting to move past the pretexting imbroglio that engulfed the company last summer. Although it's still facing a lawsuit filed by the journalists that it spied on, the company has settled the issue with the SEC. Actually, the SEC wasn't so much concerned with the pretexting itself, but with the way the company handled the initial resignation of boardmember Tom Perkins. Unsurprisingly, the company didn't let shareholders know the true reasons behind his departure at the time it happened, which was in contravention of SEC regulations. Despite the apparent breach, the company seems to have gotten off pretty light, as it doesn't have to admit wrongdoing or pay a fine. That "settlement" probably doesn't even qualify as a slap on the wrist, since a slap on the wrist actually hurts. Basically, HP has to promise not to do it again, though it probably learned that lesson some time ago.
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  • identicon
    Overcast, 24 May 2007 @ 10:54am

    But I really promise this time Mommy!!!

    LOL

    link to this | view in chronology ]

  • identicon
    g, 24 May 2007 @ 1:02pm

    Broken System

    So obvious, yet the sting is finally starting to fade... whew! Back to business as usual again, nothing to see here, move along.

    link to this | view in chronology ]

  • identicon
    Fred Flint, 25 May 2007 @ 5:34am

    Guilty as charged - so what?

    This seems to be proof positive that having a battalion of high-priced lawyers on call 365 days a year is occasionally a good idea.

    link to this | view in chronology ]


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