HP Broke Federal Law In Probe, SEC Says

Hewlett-Packard broke federal laws when it didn't tell investors why a director abruptly resigned during a probe into boardroom leaks last year, the Securities and Exchange Commission said yesterday.

The SEC issued a cease-and-desist order against the world's largest maker of printers and personal computers, requiring that it refrain from violating disclosure laws, the regulator said in statement.

HP agreed to the measure, without admitting or denying wrongdoing, the SEC said. No other sanctions were imposed.

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- Posted: 2007-05-24 10:01:52

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