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HP hits former Autonomy execs with $5B suit
The UK’s Serious Fraud Office may have dropped its investigation of software firm Autonomy earlier this year, but that doesn’t appear to have done much to allay HP’s ire. HP—which acquired Autonomy in 2011—has confirmed that it plans to sue Mike Lynch and Sushovan Hussain, Autonomy’s former CEO and CFO, for $5.1 billion.HP filed a Claim Form against Lynch and Hussain on Monday alleging they engaged in fraudulent activities while executives at Autonomy, an HP spokeswoman said via email. “The lawsuit seeks damages from them of approximately $5.1 billion.”To read this article in full or to leave a comment, please click here