HP sued over Autonomy-deal accounting fiasco

Investor says HP knew statements were misleading

An investor has sued Hewlett-Packard Co. (HP), claiming the technology company knew about possible problems with its acquisition of software company Autonomy in 2011, but ignored them.

Last week, HP announced that it would be taking an $8.8 billion charge as a result of fraudulent activity and misrepresentations made by Autonomy during its deal discussions. HP acquired the U.K.-based software company in late 2011.


Cathleen Flahardy

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