SEC opens inquiry on Hurd resignation

Federal regulators have opened a broad inquiry into the circumstances surrounding Mark Hurd’s resignation from HP, investigating Hurd’s use of corporate expenses as well as a claim that Hurd had provided event contractor Jodie Fisher with inside information.

As part of the probe, the Securities and Exchange Commission is checking whether Mr. Hurd passed information about H-P's $13.9 billion acquisition of technology-consulting company Electronic Data Systems Corp. to a former H-P event hostess in 2008, before the deal was announced.