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Federal Contractor Misconduct Database (FCMD)

The federal government routinely awards contracts to companies with histories of misconduct, including contract fraud and other violations. POGO believes that providing this website will help to improve contracting decisions and increase public knowledge of how the government spends billions of taxpayer dollars each year. Read more…

Boardroom Leak Investigation (SEC)

The Securities and Exchange Commission settled administrative charges against Hewlett-Packard for failing to disclose the reasons for a director’s abrupt resignation during HP’s investigation into leaks of confidential information about board meetings to the media. The SEC found that several months before the public revelation of the company’s leak investigation, an HP director objected to the company’s handling of the matter and resigned from the board in May 2006, yet HP failed to disclose the reasons for his resignation as required by federal securities laws. The SEC charged HP with violating the public reporting requirements of the Securities Exchange Act of 1934. Without admitting or denying the SEC’s findings, HP consented to an order that it cease and desist from committing or causing violations of these provisions. See related Hewlett-Packard instance, “Boardroom Leak Investigation (California).” See related Hewlett-Packard instances, “Boardroom Leak Investigation (California)” and “Boardroom Leak Investigation (Stockholder Derivative Lawsuits).”

Misconduct Type
Securities
Enforcement Agency
SEC
Contracting Party
None
Court Type
Administrative
Disposition
Settlement
Date of Order
5/23/2007
Contractors Involved Penalty
Total
Hewlett-Packard Company $0
Further Information Released
SEC Order 3/3/2009
SEC Press Release 3/3/2009

See also:

Federal Contractor Misconduct Database