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HP Seeks $4 Billion in Losses From Lynch Over Autonomy Fraud
HP is seeking as much as $4 billion from Autonomy's former bosses following a London judge's finding that they fraudulently boosted the value of the company before its sale. From a report: Founder Mike Lynch was found to have inflated Autonomy's revenue alongside his chief financial officer Sushovan...
HP is seeking as much as $4 billion from Autonomy's former bosses following a London judge's finding that they fraudulently boosted the value of the company before its sale. From a report: Founder Mike Lynch was found to have inflated Autonomy's revenue alongside his chief financial officer Sushovan Hussain and induced HP to buy the firm for $11 billion, according to a London civil judgment in 2022. Lawyers for HP calculated the total losses that Lynch and Hussain must pay back as over $4 billion, according to court documents prepared for a hearing Monday.
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