U.K. regulators probe Autonomy’s finances

Financial Reporting Council looks at finances leading up to merger with HP

U.K. regulators are stepping in to have a look into Hewlett-Packard Co.’s accusations of accounting fraud against Autonomy.

HP announced in November 2012 that it would be taking a multibillion-dollar charge over unexpected losses related to its purchase of Autonomy in 2011. HP claimed Autonomy misrepresented itself during deal discussions and as a result, Autonomy failed to deliver the growth HP expected.


Cathleen Flahardy

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