The Securities and Exchange Commission is investigating claims that former Hewlett Packard CEO Mark Hurd shared inside information about the company's then-pending acquisition of EDS Corp, the Wall Street Journal reported on Monday.
HP bought Electronic Data Systems for more than $13 billion in 2008. The SEC is looking into the claims as part of a broader inquiry into the circumstances surrounding Hurd's resignation, the Journal cited people familiar with the matter as saying. Hurd's exit in August stunned Wall Street and walloped the company's stock.
Now an Oracle co-president, HP's former chief left abruptly under a cloud of sexual harassment accusations, which were later declared without merit by the company's board.
HP and Hurd declined immediate comment. The SEC was not immediately available for comment.
(Reporting by Gabriel Madway and Edwin Chan; Editing by Gary Hill)