Mark Hurd Asks to Intervene in Shareholder’s Lawsuit
According to Bloomberg, HP’s former chairman and CEO Mark Hurd today asked Delaware judge Donald Parsons Jr. to allow him to intervene in a shareholder’s lawsuit and add his name to Hewlett-Packard’s books and records. The intervention would allow Hurd to fight to keep a letter from Gloria Allred about his departure confidential.
“The letter “was sent by Ms. Allred for the purpose of attempting to arrange a private mediation and/or achieve private resolution of a potential dispute between Mr. Hurd and Ms. Jodie Fisher,” who has said the letter contains “many inaccuracies,” Hurd’s lawyers said in today’s motion.”
Hurd’s August departure from HP is currently under investigation by the SEC. The eight pages long letter contains information associated with a sexual harassment allegation claim filed by former actress and HP contractor Jodie Fisher.
In our coverage of the Mark Hurd scandal earlier this week- which was dubbed as one of the messiest Silicon Valley has ever seen – we covered the U.S. Securities and Exchange Commission investigation concerning his departure. It primarily focus is on the suspicion Hurd leaked information prior to the 2008 acquisition Electronic Data Systems Corp by HP to a contractor.
The debacle has lasted quite some time, and as we can see with this latest development, Hurd’s little scandal has affected several other areas related to Hurd and the companies he’s involved with. It hasn’t been a good situation for HP, especially as Hurd’s forced resignation has led to a number of lawsuits, only emphasizing the stickiness of the situation. We didn’t necessarily expect Hurd’s slip-up to spill into the new year, but this has really become one for the books.
A message from John Furrier, co-founder of SiliconANGLE:
Your vote of support is important to us and it helps us keep the content FREE.
One click below supports our mission to provide free, deep, and relevant content.
Join our community on YouTube
Join the community that includes more than 15,000 #CubeAlumni experts, including Amazon.com CEO Andy Jassy, Dell Technologies founder and CEO Michael Dell, Intel CEO Pat Gelsinger, and many more luminaries and experts.
THANK YOU