Ex-Autonomy CFO May Face Life Term In HP Fraud, Feds Say
Law360 (April 5, 2019, 8:41 PM EDT) -- U.S. federal guidelines call for a life sentence for the former chief financial officer of British software company Autonomy, a calculation based largely on the millions of dollars another Autonomy executive made when the company was sold to Hewlett-Packard, prosecutors say.
Former CFO Sushovan Hussain was convicted of wire fraud, conspiracy and securities fraud last year after jurors heard he had employed multiple illicit accounting tactics to inflate the company's value between 2009 and when HP bought the company in 2011.
Ahead of a Monday hearing in California federal court, Hussain's defense team and prosecutors made competing arguments in court filings...
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!