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...
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