News Summary: Former Autonomy CEO lashes out

Associated Press Published: November 27, 2012
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COUNTER-ATTACK: An executive vilified by Hewlett-Packard Co. on allegations of an accounting ruse is escalating his counter-attack on the company accusing him.

THE SPECIFICS: Former Autonomy CEO Mike Lynch questions whether HP is using the charges of financial shenanigans to cover up damage caused by its own ineptitude. HP responded with a statement that predicted its findings of misconduct will be proven in anticipated legal proceedings about the dispute.

ABOUT THE DEAL: HP accused Lynch last week of deceiving the company about the growth of Autonomy, a British business software maker that HP bought for $10 billion last year.