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New York Post
11 days

HP owed nearly $1B by estate of UK tycoon Mike Lynch, who died after his luxury yacht sank

1. HP awarded nearly $1 billion by court over Autonomy acquisition. 2. The ruling highlights HP's losses due to fraudulent inflation by Autonomy's CEO. 3. HP sought $5 billion but received $944 million plus additional losses. 4. Future hearings will address appeal permissions and damage allocations. 5. The case reflects HP's challenges in the Autonomy integration post-acquisition.

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FAQ

Why Bullish?

The ruling confirms HP's substantial recoverable losses, potentially boosting investor confidence.

How important is it?

The ruling impacts HP's financial standing and liability perceptions, enhancing stock attraction.

Why Short Term?

The upcoming hearings could introduce short-term volatility related to the appeal process.

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