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HP
HPQ today
announced a resolution of a U.S. Department of Justice (DOJ) and U.S.
Securities and Exchange Commission (SEC) investigation of potential
violations of the Foreign Corrupt Practices Act (FCPA).
HP will pay approximately $108 million to these two U.S. government
agencies. HP also has agreed to undertake certain compliance,
reporting and cooperation obligations.
"The misconduct described in the settlement was limited to a small
number of people who are no longer employed by the company," said
John Schultz, executive vice president and general counsel, HP. "HP
fully cooperated with both the Department of Justice and the
Securities and Exchange Commission in the investigation of these
matters and will continue to provide customers around the world with
top quality products and services without interruption."
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