Filed in archive litigation by leon on December 2, 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!

Related Entries:

Insider trading: is it back? - 06 May 2007
Insider trading forces - 09 May 2007
Morgan Stanley's family therapy: insider trading - 12 May 2007
Citigroup cleared of insider trading - 28 June 2007

« Rewriting SOX | Main | View from the cop »

Permalink: Hewlett-Packard insider trading lawsuit

Tags: HewlettPackard lawsuit insider trading hewlett packard lawsuit hewlett+packard insider+trading tradi

Trackback: http://publish.creative-weblogging.com/publish/mt-tb.pl/44460

Addthis

Ask

Blinklist

del.icio.us

Digg

Fark

Facebook

Google

Lycos

Ma.gnolia

Mr Wong

Netscape

Netvousz

Newsvine

StumbleUpon

Slashdot

Tailrank

Technorati

Wink

Yahoo

Vote for Hewlett-Packard insider trading lawsuit:

Currently 9.00/10
1
2
3
4
5
6
7
8
9
10

Rating: 9.00 out of 2 vote(s) cast.

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.

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