HP's $8.8B Accounting Scandal May Ensnare Deloitte, Others

Law360, New York (November 20, 2012, 7:29 PM EST) -- Hewlett-Packard Co. on Tuesday blamed Autonomy Corp. PLC for an $8.8 billion loss related to its acquisition of the British software firm, but attorneys say the finger-pointing has only just begun and could produce a tangled web of litigation that snares audit firm Deloitte & Touche LLP and others.

HP said Autonomy, which it bought for $10 billion in August 2011, may have intentionally inflated its financial metrics before striking the deal. The $8.8 billion charge includes more than $5 billion in losses linked to Autonomy’s...
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