Hewlett Packard (HP) has recently faced yet another setback in its ongoing legal battles with Autonomy. The technology giant has filed a lawsuit in London, claiming damages of $4 billion over its troubled acquisition of the UK software company in 2011.
HP's acquisition of Autonomy was initially hailed as a strategic move to bolster its presence in the software sector. However, it quickly turned into a financial nightmare. Within a year of the acquisition, HP had to write off $8.8 billion, attributing most of the losses to 'accounting improprieties' at Autonomy.
