fromBusiness Matters
9 hours agoHP makes final $1.8bn claim against Mike Lynch's estate in long-running Autonomy fraud case
In a lengthy 2022 judgment, Mr Justice Hildyard concluded that Lynch and Autonomy's former chief financial officer Sushovan Hussain had fraudulently inflated the software company's revenues and misrepresented its performance before selling it to HP for $11 billion. Although the judge said HP would still have proceeded with the deal had it known the true state of Autonomy's finances, he ruled that Lynch and Hussain had deliberately misled the buyer.
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