Hewlett-Packard wins suit involving former CEO Mark Hurd

Four years after the departure of its CEO, Mark Hurd, amid allegations that he’d sexually harassed a consultant, Hewlett-Packard has beaten back a shareholder lawsuit claiming the company misled investors over its commitment to ethics, according to Reuters.

The lawsuit stemmed from the August 2010 departure of Chief Executive Mark Hurd amid allegations that he had harassed consultant, Jodie Fisher. Hurd, now president of Oracle, has denied any wrongdoing.

On Wednesday, U.S. District Judge Jon Tigar in San Francisco tossed out the suit by the Retail Wholesale & Department Store Union Local 338 Retirement Fund of Mineola, New York, which had claimed HP’s share price was inflated during the period of Hurd’s alleged misconduct.

Photo by Maria J. Avila Lopez, Mercury News

Steve Johnson Steve Johnson (262 Posts)

Steve Johnson covers the microchip industry, cyber security and the big-technology sector that includes Hewlett-Packard, Oracle and Cisco Systems.