The fraud alleged consisted of the publication of information to the market which was known by the Defendants to be false. The allegation was based on (a) the allegedly dishonest description of Autonomy as being a ‘pure software company’ when in fact it undertook and had become accustomed to inflating its apparent revenues by undertaking substantial hardware sales and (b) the allegedly dishonest presentation of its financial performance, which did not disclose and instead disguised improper practices which Autonomy adopted to boost and accelerate revenue. The Claimants contended that all this resulted in Autonomy being in fact an enterprise of considerably less value than it appeared to be on the basis of its published information.
Judges:
The Honourable Mr Justice Hildyard
Citations:
[2022] EWHC 1178 (Ch)
Links:
Jurisdiction:
England and Wales
Citing:
See Also – ACL Netherlands Bv and Others v Lynch and Another (Schedlue) ChD 17-May-2022
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See Also – ACL Netherlands Bv and Others v Lynch and Another (Reciprocal Transactions) ChD 17-May-2022
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Lists of cited by and citing cases may be incomplete.
Torts – Other
Updated: 05 July 2022; Ref: scu.678552