Defendant Name: Hewlett-Packard Company

Defendant Type: Public Company

Document Reference: 2014-73

Document Details

Legal Case Name In the Matter of Hewlett-Packard Company
Document Name SEC Charges Hewlett-Packard With FCPA Violations: Company to Pay $108 Million to Settle Civil and Criminal Cases
Document Date 09-Apr-2014
Document Format Administrative Proceeding
File Number 3-15832
Allegation Type Foreign Corrupt Practices Act
Document Summary On April 9, 2014, the SEC announced that it charged Hewlett-Packard with violating the Foreign Corrupt Practices Act ("FCPA") when its subsidiaries in three different countries made improper payments to government officials to obtain or retain lucrative public contracts. According to the SEC's order instituting settled administrative proceedings, Hewlett-Packard lacked the internal controls to stop a pattern of illegal payments to win business in Mexico and Eastern Europe. The company agreed to pay more than $108 million to settle the SEC's charges and a parallel criminal case.

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