Mike Lynch to sue HP for €134m

Irish tech entrepreneur Mike Lynch yesterday said he would file a claim against Hewlett-Packard for $150m (€134m) in damages over allegations the US company made about his role in the acquisition of his software company Autonomy in 2011.

Mr Lynch’s action marks the latest twist in a long-running battle between him and HP that has led to multiple lawsuits over who is to blame for a disastrous deal that cost HP shareholders billions of dollars of value.

HP’s $11bn purchase of Autonomy was supposed to form the central part of the US group’s move into software.