Defense lawyers for Hewlett-Packard Co. and several HP executives fired back this week at a securities class action that accuses the company's senior management of covering up problems with its 2011 acquisition of British software firm Autonomy Inc.
The investor suit, filed after HP announced an $8.8 billion write-down related to the Autonomy purchase, fails to make the case that CEO Meg Whitman, chief financial officer Catherine Lesjak or others at the beleaguered computer company's helm knew of accounting fraud at Autonomy but chose to deceive investors, the group's defense lawyers argue in a raft of dismissal motions filed late Tuesday.
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