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 | Investigations Dataset

Stanford Foreign Corrupt Practices Act Clearinghouse a Collaboration with Sullivan & Cromwell LLP

Investigations Dataset

 
Investigation into HP's Activities in Russia, the Commonwealth of Independent States, and Mexico · Hewlett-Packard Company

Information & Summary

Investigation into HP's Activities in Russia, the Commonwealth of Independent States, and Mexico

Related FCPA Matter:   Hewlett-Packard's Involvement in Russia, Mexico, and Poland between 2003 and 2010 Information

Information & Summary

Investigation Name:    Investigation into HP's Activities in Russia, the Commonwealth of Independent States, and Mexico

Trend:    None

Type of investigation:    SEC, DOJ

Other Agencies Investigating/Assisting with SEC/DOJ Investigation:   

  • Germany's Dresden Public Prosecutors Office
  • Polish Anti-Corruption Bureau

Whistleblower:    Unknown

Summary

Hewlett-Packard Company (HP) was a technology company headquartered in Palo Alto, California, and was a global provider of personal computing devices, information technology infrastructure, and imaging and printing products and services. Incorporated in Delaware, its stock is traded on the NYSE.

According to its September 9, 2010 10-Q filing, HP was being investigated by the DOJ and the SEC, as well as the German Public Prosecutor’s Office, regarding allegations that current and former employees of HP from HP’s German Subsidiary engaged in bribery, embezzlement, tax evasion and potential violations of the FCPA from transactions with Russia. The investigations expanded to include other countries such as Poland and Mexico.

HP disclosed in its April 9, 2014 8-K filing that it reached settlements with both the SEC and DOJ, including fines and penalties, while agreeing to undertake certain compliance, reporting and cooperation obligations.

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