Ron Burgundy Posted July 1, 2014 Share Posted July 1, 2014 (Reuters) - Hewlett-Packard Co and attorneys representing shareholders confirmed on Monday they had agreed to settle litigation over the $11.1 billion acquisition of British software company Autonomy Corp. Reuters exclusively reported news of the settlement on Friday. Plaintiffs and their counsel at Cotchett, Pitre & McCarthy, LLP, and Robbins Geller Rudman & Dowd LLP will help HP bring claims against former Autonomy CEO Michael Lynch, Shushovan Hussain, its former finance chief and potentially others, HP added. HP took an $8.8 billion impairment charge in November 2012 for its purchase of Autonomy only just over a year earlier, with more than $5 billion of that linked to what HP said at the time were "serious accounting improprieties, misrepresentation and disclosure failures." (Reporting by Abhirup Roy in Bangalore; View the full article Quote Link to comment Share on other sites More sharing options...
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