NEGLIGENT?: A logo of HP is seen outside Hewlett-Packard's Belgian headquarters in Diegem, near Brussels. A HP shareholder has named audit firms Deloitte and KPMG as defendants in a lawsuit alleging they missed numerous red flags about Autonomy’s accounting during Hewlett-Packard’s acquisition of the British software firm. - Reuters
NEW YORK: A new shareholder lawsuit over Hewlett-Packard’s acquisition of British software firm Autonomy has named Big Four audit firms Deloitte and KPMG as defendants, alleging they missed numerous red flags about Autonomy’s accounting.
The lawsuit, filed on Tuesday in federal court in San Jose, California, also named HP’s board of directors, officers, and former executives, alleging breach of duty and negligence for their role in HP’s acquisition Autonomy.
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