HP - not Honest Practice

H-P Executives Are Investigated for Bribery - WSJ.com: "The German probe could lead to a parallel investigation by the U.S. Securities and Exchange Commission, regulators said. The Foreign Corrupt Practice Act prohibits U.S. companies from paying bribes to foreign officials. The SEC also requires public companies to disclose important investigations in their filings with the agency.

H-P hasn't reported the German probe in its SEC filings. In its most recent such filing, dated March 11, it gave a non-specific warning to its investors that 'in many foreign countries' illegal business practices are 'common.' Such actions, undertaken 'in violation of our policies…could have a material adverse effect on our business and reputation.'"