Learning English - Words in the News 08 December, 2006 - Published 14:29 GMT HP agrees to pay USD14.5m settlement fee | ||||||||||||
Hewlett-Packard has settled in a legal case brought against it by the state of California. The company was investigated because it had been accused of industrial spying. The case attracted negative publicity and interest from the US Congress. Guto Harri reports from New York: Closure is what the company was craving and executives now hope that a line has been drawn under an embarrassing and potentially devastating incident. Fourteen million dollars is not that big a sum for one of the biggest computer makers in the world and by paying it, and by cooperating with the investigation, Hewlett-Packard has persuaded the district attorney in California, Bill Lockyer, to back off. "Hewlett-Packard is not Enron" he said after the settlement, adding that he commended the firm for taking, instead of shirking responsibility. The former chair of HP, Patricia Dunn, is still facing criminal charges for allegedly approving highly controversial tactics by external investigators to establish who on the company's board was leaking material to the press. Most of the money paid to settle the civil case will fund state investigations into privacy rights and intellectual property violations. The rest will pay damages and reimburse the cost of the investigation into Hewlett-Packard itself. Guto Harri, BBC North America Business Correspondent Closure was craving a line has been drawn under to back off commended shirking responsibility leaking material to the press the civil case privacy rights intellectual property | LATEST STORIES 27 May, 2011 Destruction of smallpox virus delayed 25 May, 2011 Micro-finance 'misused and abused' 20 May, 2011 Lonely planets 18 May, 2011 Germany to invest in more electric cars 16 May, 2011 Argentina builds a tower of books Other Stories | |||||||||||