Justice Department Opens Inquiry Into HP Unit

Autonomy's bookkeeping under investigation

By Newser Editors and Wire Services

Posted Dec 28, 2012 3:35 PM CST

(Newser) – Hewlett-Packard says the Justice Department is investigating HP's business software unit Autonomy, which the computer maker has accused of fudging its accounting. HP revealed the investigation in an SEC filing yesterday. The technology company also said it provided information to the UK Serious Fraud Office and the SEC about accounting improprieties, disclosure failures, and misrepresentations at Autonomy that occurred before and in connection with its acquisition of the company. Autonomy founder Mike Lynch has denied those claims.

A Hewlett-Packard keyboard.
A Hewlett-Packard keyboard.   (AP Photo/Paul Sakuma)
« Prev« Prev | Next »Next » Slideshow
My TakeCLICK BELOW TO VOTE
8%
33%
41%
8%
3%
8%
To report an error on this story, notify our editors.

NEWS FROM OUR PARTNERS
Other Sites We Like:   The Street   |   HitFix   |   PopSugar Tech   |   RealClear   |   24/7 Wall St.   |   CollegeHumor   |   Barstool Sports   |   OK!