/// More From Mike Lynch: HP’s Autonomy Accusations Are Getting Weaker

December 28, 2012  |  All Things Digital


While Hewlett-Packard may have struck the first blow in its fraud charges around its Autonomy acquisition, former Autonomy CEO Mike Lynch hasn’t stopped swinging since. Today, Lynch asserts that HP is “backtracking” on its claims against him and the Autonomy management team — because its latest statements can be read as less broad and assertive than those of the past. On Nov. 20, HP blamed Autonomy’s former management team for more than $5 billion worth of write-downs regarding the 2011 acquisition. Yesterday, it disclosed in a financial filing that it had persuaded the U.S. Department of Justice to officially look at the issue. Lynch quickly responded with a lengthy public statement reiterating his defense, demanding more information from HP, and attesting that he had yet to be contacted by any regulatory authorities. But what’s one statement about a statement about a statement when you can make two?

See the article here:
More From Mike Lynch: HP’s Autonomy Accusations Are Getting Weaker


Do Good Better 2014 vertical banner

Leave a Reply