Autonomy man takes HP to court

Meg WhitmanThe ex-CEO of Autonomy said today he is going to sue Hewlett Packard for $150 million.

HP bought Mike Lynch’s company for $11 billion in 2011, and then accused him later of mismanaging the company and wrote off billions of Autonomy’s value.

HP is suing Lynch for damages over $5 billion and alleges that Autonomy had presented the appearance of a high power software company when it wasn’t.

But Lynch claimed that HP made allegations that were damaging and misleading and has due diligence documents made at the time.

He believes that HP acted incompetently over the acquisition and that caused the relationship to fall apart.

He wants to make HP’s CEO Meg Whitman appear in court.