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Two TakesTech Breakthroughsvs. Reuters

HP has reportedly settled its shareholder lawsuits over the Autonomy deal

By Louie Baur1 min readGoogle News

HP’s legal battle with shareholders stemming from its troubled $11.1 billion acquisition of the British software firm Autonomy is reportedly winding down. According to Reuters, HP shareholders have agreed to drop all claims against current and former executives at HP, including CEO Meg Whitman. Autonomy’s co-founder and former CEO Michael Lynch, along with other former Autonomy officials, weren’t quite as lucky. Shareholder attorneys and HP will go forward with claims against the former Autonomy leadership team that could include their misrepresentation of the company before the acquisition. Lynch has consistently denied HP’s allegations of serious fraud on the part of Autonomy during the acquisition process, instead blaming the computing giant for shoddy management following the deal.

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