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LONDON (AP) — Technology company Hewlett Packard Enterprise won a multibillion-dollar...

Hewlett Packard Enterprise wins $5B fraud suit vs UK tycoon | 2022-01-28 23:52:56

A London judge ruled Friday that British entrepreneur Mike Lynch fraudulently inflated the value of his software company ahead of its sale to Hewlett-Packard, but cautioned that the U.S. tech giant's "substantial" damages win would be well below its $5 billion claim.

Tech giant Hewlett Packard Enterprise has won a multibillion-dollar lawsuit against a British businessmen it accused of fraud after purchasing his software company Autonomy a decade ago

The company was forced to write off most of an $11 billion acquisition.

The company was forced to write off most of an $11 billion acquisition.

The judgment is the latest in a battle stemming from the sale of his software company Autonomy to Hewlett Packard for $11 billion in 2011.

Hewlett Packard (HP) on Friday won its multibillion-dollar fraud case over its 2011 purchase of British software company Autonomy.

Tech giant Hewlett Packard Enterprise has won a multibillion-dollar lawsuit against a British businessmen it accused of fraud after purchasing his software company Autonomy a decade ago

The company alleged that Lynch and his CFO illegally bolstered revenue, including by disguising hardware sales and booking fake transactions.