HPE Seeks $4B in Damages from Autonomy Founders After Fraud Verdict

Hewlett-Packard Enterprise aims to recover losses from the fraudulent inflation of Autonomy's value prior to its $11bn acquisition.

Mike Lynch and Sushovan Hussain, founders of Autonomy, are sued for $4bn by HPE following a fraud verdict.
The lawsuit follows a 2022 High Court ruling that found the pair had inflated Autonomy's value before its sale to HP.
Lynch is currently under house arrest in the US, awaiting trial, while Hussain has been sentenced to five years in prison.
HPE's claim is based on the alleged overvaluation of Autonomy, which led to an $8.8bn writedown after the acquisition.
Lawyers for Lynch argue that HP would have likely paid the same price for Autonomy due to its unique technology.