Hewlett-Packard agreed to pay $14.5 million in spying tactics probe

Hewlett-Packard Co., the world’s largest maker of personal computers and printers, agreed to pay $14.5 million to settle an investigation by California’s attorney general over the spying tactics used to uncover boardroom leaks.

The money will be used to finance a fund to fight privacy and intellectual property violations, California Attorney General Bill Lockyer said today in a statement.

HP will also pay $650,000 in penalties and $350,000 to cover the cost of the attorney-general?s investigation into the scandal.

The state won’t pursue new civil claims against the company or current and former directors and employees, Hewlett-Packard said in a statement.

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