Autonomy founder Lynch set for US$5 billion HP court showdown

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Autonomy founder Lynch set for US$5 billion HP court showdown

After six-year dispute over disastrous deal.

Mike Lynch, once hailed as Britain’s answer to Bill Gates, faces Hewlett-Packard (HP) in London’s High Court on Monday in a multi-billion dollar showdown over the US technology company’s 2011 purchase of the Autonomy software business he founded.

The case is part of a dispute between HP and Lynch lasting more than six years over who is to blame for the disastrous deal, which ended up costing the Silicon Valley stalwart’s shareholders billions of dollars.

HP is seeking damages of around US$5 billion from Lynch and his former colleague Sushovan Hussain, alleging that they inflated the value of Autonomy before selling the big data firm, whose software searches and organises unstructured information, such as telephone conversations.

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