more than a decade ago will be resurrected Monday during a trial that will explore whether the deal was an illegal rip-off or a case of botched management.
Whitman, who rose to fame and fortune while running online commerce site eBay in its formative years, had hoped the Autonomy deal would bolster her efforts to lift HP out of the doldrums, but instead it became an albatross that dragged the company down. If convicted on all counts by a jury, Lynch and Chamberlain each could face a sentence of more than 20 years in federal prison.
Not long after that political setback, Whitman joined HP’s board and then was tapped to replace company CEO Leo Apotheker, who had negotiated the Autonomy acquisition before being replaced in September 2011 just before the deal was completed. The trial was delayed during a civil trial about the alleged fraud in London that culminated in a judge siding with HP in a 2022 ruling that indicated the damages would be less than the $5-billion that HP wanted. The final amount of damages hasn’t been determined.
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