HP has sued Automony founder Mike Lynch for $5.1 billion - half of what the tech firm paid for the British software maker two years ago.
HP bought Autonomy for $10 billion in 2011, when it was in the middle of being reworked from a PC maker to an IT services firm by then CEO Leo Apotheker.
After Apotheker was ousted, current CEO Meg Whitman continued with the Autonomy purchase. However, HP soon thereafter wrote down $8.8 billion on the deal, pinning $5 billion of that on accounting issues at Autonomy.
Two months ago, the Serious Fraud office dropped an investigation into the aquisition - though cases remain open in the US.
HP has rekindled the battle on these shores by filing suit on Monday.
An HP spokesperson told Bloomberg it was directed at Lynch and former CFO Sushovan Hussain, and alleges that "they engaged in fraudulent activities while executives at Autonomy".
In response, Autonomy's former management team has said they will countersue for 100 million "for loss and damage caused by false and negligent statements made against them by HP on 20 November 2012 and in HP's subsequent smear campaign," the Bloomberg report added.
Lynch denies accounting impropriety, blaming HP for Autonomy losing value.
-
Should AI PCs be part of your next hardware refresh?AI PCs are fast becoming a business staple and a surefire way to future-proof your business
-
Westcon-Comstor and Vectra AI launch brace of new channel initiativesNews Westcon-Comstor and Vectra AI have announced the launch of two new channel growth initiatives focused on the managed security service provider (MSSP) space and AWS Marketplace.
-
HP Envy x360 2-in-1 (14-FC0009NA) review: A cut-price AI PC for the enterpriseReviews The Intel-powered HP Envy x360 is a decent punt for its price point despite a few bugbears
-
Dell, HP post underwhelming returns as PC market remains in a state of fluxNews Original equipment manufacturers (OEMs) are contending with an impending Windows 10 EOL and a burgeoning AI PC market
-
HP OmniBook X 14 review: Incredible battery life meets Copilot+ AIReviews Ignore the slightly underwhelming screen and you have a brilliant thin-and-light laptop with AI capabilities and superlative battery life
-
HP has scrapped its most compelling device as it aims for AI PCs — there is nothing like it left on the marketOpinion The HP Elite Dragonfly had everything you needed – a great battery, plenty of power, all the ports, and a fantastic display – until it was killed off
-
HP shows the AI PC ecosystem is starting to bear fruit — is it time for businesses to take note?Analysis The era of the AI PC may soon be upon us as software vendors start to realize the potential value of processing AI workloads locally
-
HP caps off its PC overhaul with the launch of the OmniBook Ultra 14 – its most powerful AI-powered laptop to dateNews With the HP Dragonfly, Spectre, and Envy brands ditched in sweeping restructure of device portfolio, the OmniBook Ultra 14 marks the first major step into the era of the AI PC
-
HP just launched the world’s first business PCs designed to protect firmware against quantum hackingNews HP is worried about quantum security risks, so it’s upgrading devices to contend with future threats
-
HP Envy 17 review: An affordable big-screen workstation replacementReviews With the option of Nvidia graphics and a 4K display, the HP Envy 17 is a versatile yet affordable big-screen laptop
