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From: =?UTF-8?Q?Arne_Vajh=C3=B8j?= <arne@vajhoej.dk>
Newsgroups: comp.os.vms
Subject: Re: Mike Lynch not guilty of defrauding HP
Date: Fri, 14 Jun 2024 09:16:50 -0400
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On 6/14/2024 8:17 AM, Simon Clubley wrote:
> On 2024-06-13, Arne Vajhøj <arne@vajhoej.dk> wrote:
>> And I don't think buyer not checking information provided by
>> seller is a good argument for that false information does
>> not mean fraud.
> 
> A buyer has a duty to evaluate whether the information they are
> being told is correct or not.

They should, but that does not make it legal to provide
false information.

If one lie in financial documents to a buyer, a bank or the
tax authorities then it is fraud and one can be put in jail.

That they could check the information does not make
it non-fraud.

>                                 HP clearly did not carry out this
> process to the standards required and expected. In fact, wasn't
> one of the senior HP employees who actively warned about buying
> Autonomy either moved aside by HP or just ignored ?

HP has acknowledged that.

They did a write off of 8.8 B$.

And they want 4 B$ as compensation.

price paid - actual value = 8.8 B$
and
value per books - actual value = 4.0 B$
=>
price paid - value per books = 4.8 B$

If my math is correct then HP has already admitted that
they overpaid 4.8 B$.

And if the 4.0 B$ get reduced then the math becomes
worse.

Arne