November 27, 2012 / 5:01 PM / 5 years ago

Autonomy's Lynch again rejects HP allegations

LONDON (Reuters) - Mike Lynch, the former head of software firm Autonomy, has written an open letter to Hewlett Packard renewing his rejection of a charge of accounting impropriety levelled at his management team by the U.S. company.

Mike Lynch, Founder and Chairman of Autonomy Corporation, poses for photographers at an awards ceremony in central London March 13, 2008. REUTERS/Toby Melville

HP bought Autonomy last year for $11.1 billion (6.9 billion pounds) but shocked investors last week with an 8.8 billion write-down of the acquisition, much of which it attributed to the alleged accounting irregularities.

The letter, a copy of which was seen by Reuters, was dated November 27.

Reporting by Andrew Callus; Editing by Alex Smith

Our Standards:The Thomson Reuters Trust Principles.
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