Re: Mike Lynch not guilty of defrauding HP

On 6/14/2024 8:17 AM, Simon Clubley wrote:

On 2024-06-13, Arne Vajhøj <arne@vajhoej.dk> wrote:

And I don't think buyer not checking information provided by
seller is a good argument for that false information does
not mean fraud.

 A buyer has a duty to evaluate whether the information they are
being told is correct or not.

They should, but that does not make it legal to provide
false information.
If one lie in financial documents to a buyer, a bank or the
tax authorities then it is fraud and one can be put in jail.
That they could check the information does not make
it non-fraud.

                                HP clearly did not carry out this
process to the standards required and expected. In fact, wasn't
one of the senior HP employees who actively warned about buying
Autonomy either moved aside by HP or just ignored ?

HP has acknowledged that.
They did a write off of 8.8 B$.
And they want 4 B$ as compensation.
price paid - actual value = 8.8 B$
and
value per books - actual value = 4.0 B$
=>
price paid - value per books = 4.8 B$
If my math is correct then HP has already admitted that
they overpaid 4.8 B$.
And if the 4.0 B$ get reduced then the math becomes
worse.
Arne