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Friday, 18 March 2011 - Letter tied to Hurd's HP ouster to be unsealed |
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    Edition: U.S. Article Comments (0) Follow Reuters Analyst Research Report Title Price Information Technology ETFs - US Equity ETF Risk/Reward Rating and Analysis Provider: New Constructs, LLC $25.0 Buy ValuEngine Detailed Valuation Report for HPQ Provider: ValuEngine, Inc. $25.0 Buy HEWLETT-PACKARD CO (HPQ=US) 2-weeks forecast Provider: Pechala's Reports $10.0 Buy HEWLETT-PACKARD CO (HPQ=US) 12-months forecast Provider: Pechala's Reports $15.0 Buy Hewlett Packard Co: Business description, financial summary, 3yr and interim financials, key statistics/ratios and historical ratio analysis. Provider: Reuters Investment Profile $20.0 Buy NYSE and AMEX quotes delayed by at least 20 minutes. NASDAQ delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here. Letter tied to Hurd's HP ouster to be unsealed Tweet Share this By Tom Hals WILMINGTON, Delaware (Reuters) - A letter that had prompted Mark Hurd's abrupt resignation as chief of Hewlett-Packard Co was ordered unsealed by a Delaware judge, potentially revealing more details of his dramatic exit last year. The... Email Print Related News FDIC sues ex-WaMu execs, wives over bank's failure Thu, Mar 17 2011 Senators ask U.S. to review nuclear plants Thu, Mar 17 2011 Blockbuster video chain headed for sale Thu, Mar 10 2011 Judge delays jail sentence in Lohan theft case Thu, Mar 10 2011 Macau's Stanley Ho says family dispute resolved Thu, Mar 10 2011 Analysis & Opinion UK financial regulatory changes sharpen accountability of senior managers Are NCAA basketball office pools legal? Related Topics Technology » Stocks     Oracle co-president Mark Hurd speaks to the audience at Oracle Open World in San Francisco, California September 22, 2010. Credit: Reuters/Robert Galbraith By Tom Hals WILMINGTON, Delaware | Fri Mar 18, 2011 11:49am EDT WILMINGTON, Delaware (Reuters) - A letter that had prompted Mark Hurd's abrupt resignation as chief of Hewlett-Packard Co was ordered unsealed by a Delaware judge, potentially revealing more details of his dramatic exit last year. The letter was sent to Hurd from a lawyer for an independent contractor who had accused him of sexual harassment. It prompted the world's top computer maker to investigate Hurd, who has since joined Oracle Corp as president. While HP cleared Hurd of violating the company's sexual harassment policy, it accused him of falsifying expense reports to conceal a close personal relationship with Jodie Fisher, the contractor. Delaware Chancery Judge Donald Parsons wrote in an opinion issued late Thursday that much of the information was already public and he determined the contents of the letter were not protected. "We are disappointed with the court's ruling and will appeal the matter," said Hurd's lawyer, Amy Wintersheimer. "We believe the letter, which was clearly marked 'confidential,' should remain that way." The appeal will likely keep the letter from the public. The 71-page opinion disclosed some of the letter's details, noting that Hurd was accused of using corporate funds to "wine and dine" Fisher and leaked to her "potentially material" nonpublic information about the company. "While some of the allegations in the letter concerning Hurd's conduct vis-a-vis Fisher are candid, they are not graphic or lurid," wrote Parsons. "Unsealing the letter would not publicly reveal entirely new information about Hurd; instead, it simply would provide more details concerning a matter of established public knowledge." Parsons did write that the letter contains some "intimate details" about Hurd's private life and his relationship with his family, which the judge said he had legitimate interest in keeping private. Hurd and Fisher have said the letter contains "many inaccuracies." The dispute over the letter stems from a lawsuit by a shareholder, Ernesto Espinoza, who is seeking HP's records relating to Hurd's resignation and severance package. The company agreed the letter was not confidential, but Hurd intervened in the case to fight to keep it from the public. Fisher has said the letter contained "many inaccuracies." Espinoza's lawyers did not return a call for comment. The case is Ernesto Espinoza v Hewlett Packard Co, Delaware Chancery Court, No. 6000. (Reporting by Tom Hals, editing by Gerald E. McCormick) Technology Tweet this Share this Link this Digg this Email Reprints   We welcome comments that advance the story directly or with relevant tangential information. We try to block comments that use offensive language, all capital letters or appear to be spam, and we review comments frequently to ensure they meet our standards. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. Comments (0) Be the first to comment on reuters.com. Add yours using the box above. Social Stream (What's this?) © Copyright 2011 Thomson Reuters Editorial Editions: Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom United States Reuters Contact Us Advertise With Us Help Journalism Handbook Archive Site Index Video Index Reader Feedback   Mobile Newsletters RSS Podcasts Widgets Your View Analyst Research Thomson Reuters Copyright Disclaimer Privacy Professional Products Professional Products Support Financial Products About Thomson Reuters Careers Online Products Acquisitions Monthly Buyouts Venture Capital Journal International Financing Review Project Finance International PEhub.com PE Week FindLaw Reuters on Facebook Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

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