The HP Autonomy lawsuit was heard by Mr. Justice Hildyard after a 93-day trial. After considering 28,000 documents as evidence, he found that HP had probably paid too much for the takeover, although he cast doubt on the reliability of HP’s witnesses. He found that HP was induced into overpaying for the takeover by fraud committed by Lynch and the company’s former finance director. As a result, the damages awarded to the HP Autonomy claimants will likely be far less than the five billion dollars claimed by HP.

Hewlett Packard Enterprise

The Hewlett Packard Enterprise Autonomies lawsuit alleged that HP engaged in fraud and deceit in its acquisition of the software and hardware company. The company engaged in fraudulent practices across six areas of its business, including understating its costs of goods sold and gross and net profits and misrepresenting the nature of its core business. This practice, HP contends, contributed to Autonomy’s failure to realize anticipated revenue from its acquisition.

The company was acquired by HP in 2011, and the suit alleges that the former executives of Autonomy artificially inflated revenue, growth rate, and profits to justify the purchase. HP claims that these false representations pushed it to overpay for Autonomy, which it wrote off in 2012. This lawsuit is one of the largest ever filed against a company or individual in Britain, and it may help HP recover some lost profits.

MicroTech

In a breach of contract lawsuit filed against HP, MicroTech claims it received only half of the software keys it ordered, instead of the full $16.5 million. MicroTech, a software re-seller, says it paid Autonomy $11 million in 2010 and another $7 million in 2011. In its complaint, MicroTech states it never received the software keys and wants HP to refund its money and provide the full software.

HP, meanwhile, asserts that it was misled in purchasing Autonomy by selling the software to resellers, hoping to sell it to end-users. It says that the resellers sold the software to HP, and Autonomy counted those sales even though the sale was not final. The company also argues that it would have paid less had it known the truth. However, HP is appealing this ruling, arguing that it was not obligated to pay a lower price if the resellers had known the truth.

Mr. Lynch

The UK high court has ruled that Mr. Lynch should be extradited to the US to face charges relating to fraud in HP’s acquisition of Autonomy. The court finds that Lynch had fraudulently overstated the company’s revenue and growth rate and lied to HP about its performance. A British government minister has approved Mr. Lynch’s extradition. HP has said that it will pursue the case as it is an example of corporate espionage.

The lawsuit was brought after an employee of Autonomy raised concerns about Autonomy’s accounts. HP believed that the company was growing quickly and was gaining market share. HP also claimed that Autonomy’s valuation had been artificially inflated, but Lynch dismissed the claims as the result of leaks and a disagreement over how to treat the company’s financial statements. Since the allegations were made, Lynch has been at odds with HP.

Mr. Hussain

The case between HP and Mr. Hussain involves an apparent $5 billion fraud involving a company known as Autonomy. To turn Autonomy into a profitable software company, HP purchased the firm and tried to turn it around. However, problems at Autonomy led HP to sue Mr. Hussain and Lynch in the high court of London. HP is claiming damages of $5.1bn and claims its US finance chief, Hogenson, was fired from the company after raising concerns with its regulator and auditor.

The judgment also reveals the extent of the artificial performance inflating at Autonomy. According to HP, Mr. Hussain and Lynch caused Autonomy to publish misleading financial information and deceived HP during the acquisition process. While Autonomy once operated as a successful FTSE 100 software company, it was acquired by HP in 2011 for $10 billion. Mr. Hussain, the former chief financial officer of the company, sued HP after he discovered that his former boss had been stealing millions of dollars from investors.