Ex-HP CEO Defends Autonomy Deal At $5B Fraud Trial

Law360, London (April 1, 2019, 8:08 PM BST) -- Former Hewlett-Packard boss Leo Apotheker defended his disastrous $11 billion takeover of Autonomy, claiming Monday the company would not have pursued the acquisition if it had known the British software firm mischaracterized its revenues from clients to artificially inflate its sales.

Apotheker was giving evidence at London’s High Court as a witness for HP in Britain’s biggest ever fraud trial between the U.S. technology company and Autonomy founder Mike Lynch over claims he and former finance chief Sushovan Hussain fraudulently pumped up its revenues ahead of the 2011 deal.

“It’s not up to me to decide if it is a fraud...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS