Quimbee logo
DMCA.com Protection Status
From our private database of 18,800+ case briefs...

In the Matter of Hewlett-Packard Co.

Securities and Exchange Commission
Exchange Act Release No. 55801 (admin. proc. May 23, 2007)


Facts

Hewlett-Packard Company (HP) (defendant) came to believe that one of its directors was leaking confidential information to the media. The chairman of the board identified the director in front of the board at the next board meeting. The board gave the director a chance to respond to the allegation and explain his conduct. The director then left the room to enable to the board to freely discuss any punishment. Another HP director, Thomas Perkins, did not like how HP handled the matter, believing that the chairman should have first discussed the matter with the accused director privately before bringing it up in front of the full board. Perkins voiced these concerns with the board during this meeting. Nevertheless, the board voted to ask the director who had leaked information to resign. Perkins disagreed with this decision, in addition to the process that led to it. As a result, at that same board meeting, Perkins resigned as director over the handling of the matter. HP filed a Form 8-K disclosing Perkins’s resignation. HP did not, however, include the reasons for the resignation. The Securities and Exchange Commission (SEC) commenced an investigation into this failure to disclose.

Rule of Law

Issue

Holding and Reasoning

What to do next…

  1. Unlock this case brief with a free (no-commitment) trial membership of Quimbee.

    You’ll be in good company: Quimbee is one of the most widely used and trusted sites for law students, serving more than 499,000 law students since 2011. Some law schools—such as Yale, Vanderbilt, Berkeley, and the University of Illinois—even subscribe directly to Quimbee for all their law students. Read our student testimonials.

  2. Learn more about Quimbee’s unique (and proven) approach to achieving great grades at law school.

    Quimbee is a company hell-bent on one thing: helping you get an “A” in every course you take in law school, so you can graduate at the top of your class and get a high-paying law job. We’re not just a study aid for law students; we’re the study aid for law students. Read more about Quimbee.

Here's why 499,000 law students have relied on our case briefs:

  • Written by law professors and practitioners, not other law students. 18,800 briefs, keyed to 985 casebooks. Top-notch customer support.
  • The right amount of information, includes the facts, issues, rule of law, holding and reasoning, and any concurrences and dissents.
  • Access in your classes, works on your mobile and tablet. Massive library of related video lessons and high quality multiple-choice questions.
  • Easy to use, uniform format for every case brief. Written in plain English, not in legalese. Our briefs summarize and simplify; they don’t just repeat the court’s language.

Questions & Answers


Have a question about this case?

Sign up for a free 7-day trial and ask it

Sign up for a FREE 7-day trial