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Hewlett-Packard insider trading lawsuit

Filed in archive litigation by leon on December 01, 2006

Hewlett-Packard's legal woes continue with shareholders now suing directors and executives for insider trading.

Basically, the lawsuit accuses the company's honchos, including CEO Mark Hurd, of profiteering by selling $38.9 million in company stock before news of a spying operation was publicly revealed in September. It also claims the board ordered a $6 billion share buyback in mid-August to keep the share price propped up.

Hewlett-Packard has responded by issuing a statement calling the lawsuit "baseless" and a " transparent effort to exploit issues related to HP's recent investigation for personal gain".

It's a predictable line, we are talking about lawyers here.

Check Hewlett-Packard's history of insider transactions over the last six months, and you decide!

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Add your response to Hewlett-Packard insider trading lawsuit: Response from: Hewlett-Packard shareholders are now suing directors and executives for insider trading. Hewlett-Packard says the lawsuit is �baseless� but the history of the inside transactions might tell a different story. Response from: news.fatpitchfinancials.com Hewlett-Packard shareholders are now suing directors and executives for insider trading. Hewlett-Packard says the lawsuit is �baseless� but the history of the inside transactions might tell a different story. Response from: IndianPad Sox First: Hewlett-Packard insider trading lawsuit posted at IndianPad.com Response from: Hewlett-Packard shareholders are now suing directors and executives for insider trading. Hewlett-Packard says the lawsuit is “baseless” but the history of the inside transactions might tell a different story.
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Hewlett-Packard insider trading lawsuit

Filed in archive litigation by leon on December 01, 2006

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