SEC Probes Hurd's Exit From H-P
The Securities and Exchange Commission is investigating the circumstances surrounding Mark Hurd’s departure from Hewlett-Packard Co., in a broad inquiry that includes claims that the former chief executive shared inside information about an acquisition, people familiar with the matter said.
As part of the probe, the SEC is looking into claims that Mr. Hurd passed information about H-P’s then-pending $13.9 billion acquisition of technology-consulting company Electronic Data Systems Corp. to a former contractor in 2008 before the deal was announced, the people familiar with the matter said.
In addition, the SEC is examining inaccurate expense reports filed by Mr. Hurd when he was with H-P, some of these people said. The probe is also examining whether Mr. Hurd destroyed computer evidence related to his August departure from H-P, they said.