Bloomberg is reporting that the Hewlett Packard Board of Directors will be convening soon to considering firing CEO Leo Apotheker.

This comes days after it was announced that HP is facing a shareholder lawsuit which alleges that Apotheker and his executive team made false statements to shareholders regarding HP’s finances with the intent to artificially inflate the value of HP’s shares, and concealed the fact that they were planning on spinning off HP’s PC division as well as abandoning webOS.

If the Board of Directors goes through with their plan to fire Apotheker, a replacement being considered for the possibly ousted CEO is Meg Whitman — the former CEO of eBay.

Shares of HP jumped to $24.31 in trading after news emerged of the potential departure of Apotheker, whose regime saw the company’s stock plunge 47% during the last year.