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Autonomy Issues Website operated by volunteers. Not officially endorsed or supported. Join our forums Email: info@hpalumni.org Current status of Autonomy situation as of Aug 21, 2024: - The U.K. High Court ruled in favor of HP in the civil suit against Mike Lynch. Ruling on amount of damages is pending. - A U.S. federal jury convicted former Autonomy CFO Sushovan Hussain of fraud in 2018. Sentenced to 5 years in prison; now out of prison. - The U.K. Financial Reporting Council fined Autonomy's auditor Deloitte £15 million -- and fined two Deloitte partners as individuals. Reuters - A U.S. federal jury found Lynch -- and Autonomy Finance VP Stephen Chamberlain -- not guilty of wire fraud. [Source: https://www.cio.com/article/304397/the-hp-autonomy-lawsuit-timeline-of-an-ma-disaster.html ] - Stephen Chamberlain died after being struck by a car while running on Aug 18 in Cambridgeshire, UK. The driver of the car remained at the scene. BBC - Lynch was on a celebratory cruise of the Mediterranean. Guests included the lawyer who led the US criminal defense and his wife. The former Autonomy board member who led the Audit Committee, and his wife. Lynch's daughter. The yacht is owned in the name of Lynch's wife, who survived. Another lawyer, her child, and her partner survived. The crew survived except for the cook. - The 184-foot superyacht was custom-built for Lynch and has the world's tallest aluminum sailboat mast. Details: https://www.yachtcharterfleet.com/luxury-charter-yacht-22774/bayesian.htm Information for Autonomy alumni -- whether or not you ever worked for HP... Received a "Potential Private Retirement Benefit" letter from U.S. Social Security? How to decode the letter and who to contact, if necessary: "Potential Benefit" letter HP Breakup. On Nov 1, 2015, the legal name of the Hewlett-Packard Company was changed to HP Inc. and a new, completely separate company – Hewlett Packard Enterprise (no hyphen; singular; green-rectangle logo) – was spun off. Portions of HPE were later spun off into DXC and Micro Focus. Details: HP Breakup HP Inc. is the legal successor to Hewlett-Packard and to companies acquired by Hewlett-Packard before Nov 1, 2015 – such as Compaq, DEC, EDS, Tandem, etc. For employees of HP -- and predecessor companies -- who left before the split, responsibility for any health or retirement benefits varies from country to country. For the US, HPInc has responsibility. For Canada and UK, HPE has responsibility. In many countries, plans were split between HPInc and HPE. See: Country-by-country details Which HP-related companies have me classified as a retiree or former employee? Due to acquisitions and spinoffs, this may not be obvious. Check here: Which Company Contacts for former Autonomy employees: US: HP contacts Canada and UK: HPE contacts. Other countries: Country-by-country details Worldwide employment verification and experience letters for Hewlett-Packard, Hewlett Packard Enterprise, and related companies. Employment and Experience Verification Make sure that the legal successor to every company you ever worked for has your current postal address. Even if not classified by the company as a "Retiree" or if long gone -- in case of pension plan changes, employment lawsuits, settlements, or other issues. Update address at former company HP's purchase of Autonomy "In 2011, HP bought Autonomy, a maker of software to keep track of unstructured data, founded by Mike Lynch in the UK for $11bn. After the buyout, the US IT titan wrote down the value of Autonomy by $8.8bn, claiming the British firm had 'misrepresented' its value. Lynch, Autonomy CEO at the time of the biz gobble, denies this. HPE is now suing Lynch and Autonomy financial chief Sushovan Hussain at the High Court in London, seeking $5bn in damages. Over in the States, prosecutors are pursuing a separate criminal fraud case against Lynch and Autonomy bean-counter Stephen Chamberlain. All three men deny any wrongdoing." Register article Feb 2021 [British IT news site "The Register" -- motto: "Biting the Hand that Feeds IT" -- is following the HP-Autonomy legal cases in detail.] "A U.S. appeals court upheld former Autonomy Corp Chief Financial Officer Sushovan Hussain’s fraud conviction and five-year prison sentence for his role in the $11.1 billion sale of the British software company to Hewlett-Packard in 2011." Reuters article Aug 2020 "Britain’s accounting regulator has fined Deloitte a record £15 million ($19.4 million) for its audit of software firm Autonomy... [Former Deloitte partner] Knights has been excluded from membership of the Institute of Chartered Accountants for England and Wales for five years and fined £500,000... [Former partner] Mercer has been fined £250,000 and received a severe reprimand." Reuters article Sep 2020 "Hewlett Packard Enterprise settled its potential lawsuit against Autonomy auditors Deloitte for $45m in 2016... The 2016 agreement also expressly said that Deloitte did not admit any wrongdoing or liability. It also said Deloitte would hand over 'complete access' to all of Deloitte's Autonomy audit papers and internal emails about them." Register article Mar 2021 If leaving or recently left: ASAP Checklist. HPAA pages with information for those from: Hewlett-Packard (HP) HPE Micro Focus (Nov 26, 2024) Operated by volunteers. Not officially endorsed or supported. More about the HPAA |
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