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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 (Stockholder Derivative Lawsuits)
Stockholder derivative lawsuits filed in California and Delaware on behalf of HP stockholders sought to recover damages for alleged breach of fiduciary duty as a result of the activities of the boardroom leak investigation (see Hewlett-Packard instances “Boardroom Leak Investigation (California)” and ”Boardroom Leak Investigation (SEC”).) In December 2007, HP and the plaintiffs in the California and Delaware derivative actions entered into an agreement to settle those lawsuits. Under the terms of the settlement, HP agreed to continue certain corporate governance changes until December 31, 2012 and to pay the plaintiffs’ attorneys’ fees ($3.8 million for California counsel and $2.5 million for Delaware counsel).
- Misconduct Type
- Securities
- Enforcement Agency
- Non-Governmental
- Contracting Party
- None
- Court Type
- Civil
- Disposition
- Settlement
- Date of Settlement
- 12/14/2007