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HP Agrees To Pay $55 Million For Kickbacks

Tue, 08/31/2010 - 4:58am

WASHINGTON (AP) — The Department of Justice says Hewlett-Packard has agreed to pay $55 million to settle claims it paid kickbacks to companies so that they would recommend its products to federal agencies.

Hewlett-Packard Co. has already announced earlier this month it will take a charge of 2 cents per share in the third quarter to settle the claims. The Justice Department gave the full settlement amount in a statement Monday.

HP has denied engaging in any illegal conduct in connection with the claims.

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