HP has accused former Autonomy CEO Mike Lynch and former chief financial officer Sushovan Hussain of fraud and overstating Autonomy's value.
Former eBay CEO Meg Whitman took over the top job in late 2011. A year later, HP's stock hovered at around $15 and the firmfiled a claim in the London's High CourtHP alleges that Lynch and Hussain conspired to cook Autonomy's books, resulting in HP overpaying for the firm by $5 billion.
According to court filings from HP seen by Business Insider, Hussain intends to participate in the London trial. It isn't clear whether he may participate via video link. HP has argued that Hussain should give evidence earlier than planned, in case his sentence, when it comes, results in his imprisonment.
Another complication has been Christopher"Stopher" Egan, the former CEO of Autonomy's US operations. Egan entered into a"deferred prosecution agreement" with US prosecutors in 2017, which saw him become a cooperating witness and admitting to some wrongdoing.he was not keen to give evidenceBusiness Insider now understands, however, that Egan could give evidence at the London trial.
"The real story is that HP, after a history of failed acquisitions, botched the purchase of Autonomy and destroyed the company, seeking to blame others. Mike will not be a scapegoat for their failures."
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