HP accuses British software firm founder of fraud

  • American technology company Hewlett-Packard (HP) has accused Michael Lynch, the former chief executive and founder of Autonomy, of fraud and said he should be “held accountable.”

    HP said it would also take Sushovan Hussain, the former chief financial officer of the British software firm, to court.

    Hussain is trying to block the settlement by HP of shareholder lawsuits linked to its purchase of Autonomy.

    In a court filing HP said: “The notion that (Hussain) should be permitted to intervene and challenge the substance of a settlement designed to protect the interests of the company he defrauded is ludicrous.”



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