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flag UK court rules HPE lost £697.87M in 2011 Autonomy acquisition; Lynch's estate liable for £35M.

flag A High Court judge has ruled that Hewlett-Packard Enterprise (HPE) lost £697.87 million in its 2011 acquisition of British software company Autonomy, founded by Mike Lynch. flag HPE accused Lynch of inflating Autonomy's revenues and committing fraud, leading to an $8.8 billion write-down. flag The court found HPE’s losses were due to Autonomy not accurately portraying its financial situation, though HPE would have still bought the company at a lower price. flag Lynch’s estate and former CFO Sushovan Hussain are liable for part of the damages, estimated at around £35 million. flag Further details on the payment will be decided in a future hearing.

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