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Barclays Capital has been named in a lawsuit filed in California seeking damages for its role in Hewlett-Packard's disastrous takeover of Autonomy.
Barclays Capital has been accused of putting its own self interest ahead of its clients, in a shareholder lawsuit filed in California relating to Hewlett-Packard’s disastrous purchase of Autonomy. In November, HP took an $8.8bn (£5.4bn) write-down against the $11.1bn it had paid for the British software company it bought from entrepreneur Mike Lynch in 2011. The shareholder lawsuit names 16 individuals, including Meg Whitman, HP’s current chief executive and her predecessor Leo Apotheker, as well as advisers Barclays Capital and Perella Weinberg Partners.....Read more here
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