HP Board Survives As Ex-Autonomy CEO Protests Fraud Claim

Law360, New York (March 20, 2013, 5:25 PM EDT) -- Hewlett Packard Co.'s board of directors survived a contentious shareholder meeting Wednesday, just hours after Autonomy PLC founder and former CEO Mike Lynch challenged HP to back up the fraud allegations it has lobbed at the British software maker in the wake of their 2011 merger.

All 11 directors were re-elected at HP’s annual meeting in Mountain View, Calif., despite recommendations from leading proxy adviser that several direcotrs, including Chairman Ray Lane, be given the boot. The vote came after a tumultuous few months for HP,...
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