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Autonomy founder Mike Lynch defends company’s books

HP accuses software company of fraud in merger deal

The founder of a British software company Hewlett-Packard bought in 2011 says accusations that his company fraudulently misrepresented itself during the deal are completely without merit, and he plans to vigorously defend the company against U.S. federal investigators.

HP announced in November that it would be taking a multibillion-dollar charge over unexpected losses related to its purchase of Autonomy. HP claimed Autonomy misrepresented itself during deal discussions and as a result, Autonomy failed to deliver the growth HP expected. HP said it learned of Autonomy’s fraudulent activity through the help of a whistleblower.


Cathleen Flahardy

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