/// Mike Lynch Punches Back at Today’s HP Filing: Whither $5B Writedown?

December 28, 2012  |  All Things Digital


Autonomy founder Mike Lynch is still not backing down in his ongoing battle with Hewlett-Packard . “Simply put, these allegations are false, and in the absence of further detail we cannot understand what HP believes to be the basis for them,” he said in a statement, as well as aiming at $5 billion in writedowns the company has taken related to the controversial deal. “We continue to reject these allegations in the strongest possible terms.” Lynch’s latest volley was prompted by a regulatory filing HP made earlier today , noting that the U.S. Department of Justice was indeed investigating its acquisition of British software company, for which it is trying to write down about $5 billion in expenses due to alleged “serious accounting improprieties.” HP had taken the case to U.S. federal authorities in the first place, but now it’s official. This caused Lynch, who has been vociferously battling the Silicon Valley tech giant over the allegations and rejecting HP’s claims of fraud in the $12 billion acquisition, to respond again

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Mike Lynch Punches Back at Today’s HP Filing: Whither $5B Writedown?


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