HP Seen Suing Ex-Autonomy Officers, Not Its Own, in Deal
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Hewlett-Packard Co.’s board was urged by a committee that reviewed the company’s purchase of Autonomy Corp. to pursue legal claims against former executives of the British software maker and to take no action involving its own officers, according to a court filing.
Lawyers for shareholders were briefed by the committee that was examining possible litigation strategies for Hewlett-Packard over its $8.8 billion writedown of the Autonomy merger, according to the filing in federal court in San Francisco. Hewlett-Packard hasn’t disclosed what, if any, action it will take.