U.S. Jury Convicts Former Autonomy CFO of Fraud in H-P Deal

Sushovan Hussain is found guilty of falsifying financial statements ahead of Hewlett-Packard’s $11 billion acquisition

A federal jury found Autonomy Corp.’s former financial chief guilty of falsifying financial statements and exaggerating the British software maker’s value before its sale to Hewlett-Packard for $11 billion in 2011.

If upheld, the fraud conviction of Sushovan Hussain after a six-week trial in San Francisco would offer some vindication to H-P executives who have long alleged Autonomy’s management cooked the books before one of its biggest acquisitions.

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