WebMar 15, 2024 · HP wrote down the value of Autonomy by $8.8 billion within a year of the deal and brought a civil lawsuit in London against Lynch and Autonomy’s former chief financial … WebJan 28, 2024 · The UK’s High Court found that HP had “substantially succeeded” in proving that Autonomy executives had fraudulently boosted the firm’s reported revenue, earnings, …
Hewlett-Packard wins fraud case against UK tech tycoon Mike Lynch
WebFeb 9, 2024 · U.S. prosecutors want the 55-year-old to stand trial in the United States on 17 counts, including securities fraud, connected to the sale of Autonomy to Hewlett-Packard (HP) in an $11 billion deal ... WebMar 25, 2024 · By November 2012, HP had written down Autonomy’s value by $8.8bn and cried foul, starting a furious lobbying operation that targeted the UK prime minister and Chancellor of the Exchequer among others. HP went on to allege that Lynch and his chief financial officer Sushovan Hussain had deliberately pulled the wool over its eyes. northern virginia regional council
HP crashed Autonomy because US tech titan
WebMay 8, 2013 · Making $8.8bn disappear is not easy. Hewlett-Packard managed it, and quickly, when it bought the information management software company Autonomy in 2011 for $11.6bn and wrote off 80 per cent of ... WebApr 12, 2024 · With the shadow of Mike Lynch’s sale of Autonomy to HP still looming over his latest venture, Cambridge-based cybersecurity firm Darktrace has struck a defiant stance in response to a short seller report issued in January. Elsewhere, WANdisco shares were suspended after the company mistakenly inflated sales figures by millions of dollars. WebMar 25, 2024 · 25 March 2024. Mike Lynch, founder of Autonomy. The founder of software giant Autonomy, Mike Lynch, "committed a deliberate fraud over a sustained period of time" to artificially inflate its value ... how to save a download as pdf