Autonomy Corp.

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Justice Department Opens Inquiry Into HP Unit

Autonomy's bookkeeping under investigation

(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...

Investor Sues HP Over Autonomy's Alleged Fraud

Unit's founder says he's 'shocked' by allegations

(Newser) - As if losing $8.8 billion thanks to alleged accounting malfeasance at its newly acquired Autonomy Corp unit wasn't bad enough, Hewlett-Packard is now facing a lawsuit from an investor over the deal. The shareholder claims HP hid Autonomy's problems, issuing false and misleading statements, Bloomberg reports. "...

HP: New Acquisition Cheated Us, Cost Us $8.8B

Company says it has alerted regulators

(Newser) - Hewlett-Packard is accusing Autonomy Corp, which it purchased last year for $10.3 billion, of falsifying its finances—leading HP to take an $8.8 billion charge to sync Autonomy's accounting value with its real value. In a statement, HP accused "former members of Autonomy's management team"...

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