(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;
HP settles lawsuits over deal for British software company
01
Jul
2014
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