'

WSJ: Mark Hurd's resignation from HP being investigated by SEC

The Securities and Exchange Commission is looking into the resignation of Mark Hurd as Hewlett-Packard's CEO, though it's unclear whether the inquiry will actually go anywhere.In a report this afternoon, the Wall Street Journal cited "people familiar with the matter" as saying that the SEC's "broad inquiry" includes claims that Hurd shared inside information about the company's acquisition of EDS with a former contractor before the deal was announced.

The Securities and Exchange Commission is looking into the resignation of Mark Hurd as Hewlett-Packard's CEO, though it's unclear whether the inquiry will actually go anywhere.

In a report this afternoon, the Wall Street Journal cited "people familiar with the matter" as saying that the SEC's "broad inquiry" includes claims that Hurd shared inside information about the company's acquisition of EDS with a former contractor before the deal was announced.

The SEC is reportedly also looking into Hurd's expense reports at HP, a concern that was raised as part of the reasons behind Hurd's departure. Finally, the SEC Is also looking at whether Hurd destroyed any evidence related to his resignation.

Both the SEC and Oracle, which hired Hurd almost immediately after he left his CEO post at HP, declined comment to the WSJ. An HP spokesperson said the company is cooperating with the SEC and a spokesman for Hurd said that "Mark acted properly in all respects."

It's unclear how far along the investigation is or whether the SEC will actually bring a case against HP or Hurd.