Hewlett Packard lost $4bn over Autonomy acquisition, London court told
4 months in The guardian
HP’s lawyers tell high court that software firm’s co-founder Mike Lynch fraudulently inflated its valueHewlett-Packard lost more than $4bn (£3.2bn) over its acquisition of British software firm Autonomy because of an elaborate fraud masterminded by its co-founder Mike Lynch to inflate the company’s value, HP’s lawyers told a London court on Monday.HP is seeking to recoup losses in a lawsuit brought against Lynch, once hailed as Britain’s answer to Bill Gates, and Autonomy’s former chief financial officer, Sushovan Hussain. Continue reading...
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