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Former Autonomy CEO Lynch sues HP for $150M.

Making good on the promise he made earlier this year, former Autonomy CEO Mike Lynch on Thursday filed a $150 million lawsuit against HP over what he called a public smear campaign against him and other Autonomy executives.

“Over the past three years, HP has made many statements that were highly damaging to me and misleading to the stock market,” Lynch said. “HP knew, or should have known, these statements were false.”

HP’s ill-fated 2011 acquisition of the British software maker for $11.7 billion — which later resulted in an $8.8 billion impairment charge — was “doomed from the very beginning,” Lynch said. “HP’s own documents, which the court will see, make clear that HP was simply incompetent in its operation of Autonomy.”
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