HP says gov't investigating troubled Autonomy unit
Source: AP-Excite
By MICHELLE CHAPMAN
NEW YORK (AP) - Autonomy, the British business software company now owned by Hewlett-Packard Co. (HPQ), is facing a Justice Department investigation over improper accounting under previous management, according to HP.
In a filing with the Securities and Exchange Commission late Thursday, HP said Justice officials had informed the company on Nov. 21 that they were opening an investigation into the allegations, which HP said in November that it had uncovered after a senior Autonomy executive came forward.
HP also reiterated that it provided information to the SEC and the U.K. Serious Fraud Office related to "accounting improprieties, disclosure failures and misrepresentations at Autonomy." HP said it was cooperating with all three government agencies.
Justice officials had no comment.
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