Autonomy Conviction

Discussion in 'Wall St. News' started by dealmaker, May 1, 2018.

  1. dealmaker

    dealmaker

    Autonomy Conviction

    Sushovan Hussain, the former chief financial officer of British software firm Autonomy, has been found guilty of fraud for his role in inflating the company's financial position before its sale to Hewlett Packard. It's the first conviction in the long-running legal battle over the sale—HP wrote off most of the value of the $11 billion purchase in 2012, claiming it had subsequently uncovered accounting irregularities. Hussain's lawyers say he will appeal the San Francisco federal court's ruling. BBC