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HP Wins Massive Fraud Case in UK Over Autonomy Purchase : Rashtra News #Wins #Massive #Fraud #Case #Autonomy #Purchase US tech giant Hewlett Packard won its multibillion-dollar fraud case on Friday over its 2011 purchase of British software company Autonomy.A year after the deal, HP accused Autonomy of fudging its accounts, claiming it had inflated […]
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.
Technology company Hewlett Packard Enterprise won a multibillion-dollar lawsuit Friday against a British businessmen it accused of fraud after purchasing his software business Autonomy a decade ago. The decision by the U.K.’s High Court also removes a hurdle for the potential extradition to the U.S. of Autonomy’s founder, British entrepreneur Michael Lynch. Hewlett Packard bought…
HP won its multibillion-dollar fraud case on Friday over its 2011 purchase of British software company Autonomy.
Irish-born businessman faces threat of extradition to US over Autonomy deal