HP and Autonomy co-founder Lynch sue each other in London

By Paul Sandle LONDON (Reuters) - Hewlett-Packard Co has lodged a claim in London against Michael Lynch and a former colleague for damages of about $5.1 billion over their management of Autonomy, the company it bought in 2011. Autonomy was supposed to be the $11.1 billion centerpiece of a shift into software for HP, but the deal turned sour a year later when it wrote off three-quarters of the British company's value, accusing Lynch and his colleagues of financial mismanagement. An HP spokeswoman said the company had filed a claim against Lynch, the co-founder of Autonomy, and Autonomy's former finance director Sushovan Hussain in the Chancery Division of London's High Court on Monday, alleging they engaged in fraudulent activities while executives at Autonomy. Lynch, speaking on behalf of Autonomy's former management, has consistently denied any impropriety, saying the loss in value of the company was down to HP's mismanagement.

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