High Court to Rule on Damages in HP-Autonomy Saga

The High Court in London will deliver its highly anticipated verdict on the financial compensation owed to Hewlett Packard over its acquisition of Autonomy. The decision comes after a lengthy legal battle concerning accusations of fraud against the late Mike Lynch, co-founder of the British software company.

Lynch, alongside Autonomy's former CFO Sushovan Hussain, was accused by the U.S. tech giant HP of artificially inflating Autonomy's value before its $11.1 billion purchase in 2011. This alleged fraud led to HP's substantial $8.8 billion write-down of Autonomy's value, prompting a $5 billion lawsuit.

Despite being acquitted of criminal charges in the U.S., Lynch faced ongoing legal challenges in the UK. Lynch, who died tragically last year, had contested responsibility, attributing the failed merger to HP's integration issues. The court's upcoming verdict on damages could mark the conclusion of a protracted legal saga.

(With inputs from agencies.)