Mike Lynch's lawyers painted HP as a company in the doldrums before its Autonomy acquisition.
Lawyers for former Autonomy CEO Mike Lynch shot back at HP on Wednesday in a blockbuster $5 billion fraud trial.
Lynch's defence said HP had full access to Autonomy's accounts before the acquisition, and said the firm aggressively lobbied the UK government in the wake of the $8.8 billion writedown. HP has accused Lynch and Autonomy's former CFO, Sushovan Hussain, of cooking Autonomy's books to inflate its value ahead of the deal. It is'You are f***ing toast': HP published tech investor Mike Lynch's foul-mouthed emails as part of a $5 billion fraud trial
HP even thought Autonomy could eventually be worth $50 billion once the two businesses integrated, according to documents filed by Lynch's camp. But even as the deal completed, HP pushed Apotheker out. Robison also left in late 2011. HP, the court heard, planned an aggressive PR and lobbying campaign to justify the writedown, nicknamed"Project Sutton."
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