Hewlett-Packard and its disgruntled shareholders have settled three lawsuits related to the $10.7bn acquisition of British search specialist Autonomy. But the Autonomy fight is not over – far from it. Both sides have now agreed to co-operate in "potential litigation" against Autonomy’s former CEO Mike Lynch and members of his …
and the Lawyers roll on
The owners of a company who's management struck a deal which lost them a tanker load off money, agree to, not exactly kiss and make up, but let bygones be bygones. so they can both go after a couple of 'foreigners'. Which presumably will be conducted in the US courts not the UK ones
Couldn't possibly be that owner suing manager means any compensation comes out of their own pockets..
Anyone else noticing a trend of US law hammering overseas oganisations in US courts
I have just realized why I am not in a well paid management role.
Last weekend my keyboard died & I needed a new one. I went to a shop and saw a range of keyboards from £10 to about £165. As a normal human being I bought one for £10 (plus a free mouse). Obviously, what I should have done is bought the expensive keyboard and then taken the shop to court for charging me to much.
That way I could have made millions!
Autonomy was an above pondered company partly to false expectation caused by faulty information, it can that adulterated, but of the honesty of the sale it will have to decide the judge.
Re: Judge rule
"Autonomy was an above pondered company partly to false expectation caused by faulty information, it can that adulterated, but of the honesty of the sale it will have to decide the judge."
Lawyer-speak or Google translate error?
It is the responsibility of the buyer (HP) to check that what they are buying (Autonomy) is worth what they are paying for it. They failed. Now the shareholders have agreed not to hold them responsible.
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