Watchdog Halts Action Against Ex-Software Co. Finance VP

Law360, London (May 7, 2019, 1:23 PM BST) -- Britain's accounting watchdog said Tuesday that it has put proceedings against the former vice president of a scandal-hit software company on hold as it awaits the outcome of criminal charges against him in California, including 15 counts of fraud.

The Financial Reporting Council has stayed its formal complaint against Stephen Chamberlain, who was a vice president at Autonomy Corp. The watchdog is alleging that Chamberlain — along with Autonomy’s former chief financial officer and Deloitte LLP — failed to disclose information about the company’s financial health before its $11 billion acquisition by Hewlett-Packard Co.

The audit regulator said that, on April 4,...

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!