Re: HPE going after Mike Lynch's estate

On 2024-09-18, Dave Froble <davef@tsoft-inc.com> wrote:

>
There is two sides, at least, to that.
>
The buyer should know what he is buying, and that is his responsibility,
including making sure the seller is being honest.
>

It's called due diligence and in an act of corporate stupidity, HP utterly
failed to properly carry out these standard (and expected) checks.

Then again, a seller being fraudulent, should not be tolerated.
>
Not that I know much, but I thought HP was at fault.  Then again, there is the
old "reach for a lawyer" that is sort of despise.
>

The main problem is that HP failed to do the standard due diligence checks
before making what turned out to be a massively over-priced offer.

If HP had waited, then the auditors would have been able to build a more
accurate picture of what Autonomy was really worth after any underlying
problems had been found, and HP would have made a lower but more accurate
offer.

Now HP want the money back that they overpaid due to their own stupidity
and are trying to make it sound like it wasn't their fault for not doing
the standard checks they were supposed to do in the first place.

Simon.

--
Simon Clubley, clubley@remove_me.eisner.decus.org-Earth.UFP
Walking destinations on a map are further away than they appear.