Hewlett Packard (HP) is facing a US$1bn lawsuit from shareholders over the “vastly overvalued” acquisition of British software firm Autonomy.
Autonomy
US-based technology distributor Tech Data will restate some or all of its financial results from the past three years to reflect accounting improprieties uncovered
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Big Four accountants KPMG and Deloitte are being sued by an HP shareholder over their role in HP's purchase of UK software firm Autonomy.
Hewlett-Packard has accused its acquired UK subsidiary Autonomy of accounting improprieties following a write-down of $8.8bn on its $11bn acquisition.
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