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May 01, 2024 | Corporate Counsel

'Stall and Duck': Software Salesman Says CEO Told Him to Lie

Former Autonomy VP of OEM sales Harald Collet said CEO Michael Lynch gave him misleading "talking points" on what to say to investors.
10 minute read
April 30, 2024 | Corporate Counsel

Ex-HP CEO Apotheker Defends Rationale for $11B Autonomy Purchase That Blew Up

Leo Apotheker said he relied on Autonomy's financials when he championed the deal. Prosecutors accuse its CEO, Michael Lynch, of fabricating those numbers.
8 minute read
April 19, 2024 | Corporate Counsel

Ex-GC of Autonomy Says Accounting Turned Odd Before $11B Sale to HP

Joel Scott, the former general counsel of the U.K.-based tech company Autonomy's U.S. division, took the stand Thursday in the fraud trial of former Autonomy CEO Mike Lynch, accused of padding his company's revenue to dupe HP into the purchase.
10 minute read
March 20, 2024 | Corporate Counsel

DXC Taps NetApp's Strategy Chief to Lead Legal

The IT giant has brought aboard Matt Fawcett, who has deep software industry experience and formerly was legal chief at both NetApp and JDS Uniphase.
2 minute read
March 19, 2024 | Corporate Counsel

Legal Chiefs Snaring Hefty Golden Parachutes as Merger Activity Perks Up

"I think there is a point that they become so large that they encourage executives to take the deal, regardless of whether it is in the best interests of the shareholders," said Cindy Schipani, a professor of business law at the University of Michigan.
4 minute read
March 15, 2024 | Corporate Counsel

GE Legal Chief Michael Holston to Step Down When Industrial Giant Finishes Breakup in April

"His steady, guiding hand has served all of us well against an immensely challenging global backdrop," CEO Lawrence Culp wrote on LinkedIn.
3 minute read
March 14, 2024 | Corporate Counsel

Michael Lynch Was a Titan of British Tech. Then He Got Crosswise With HP

Lynch was CEO of the software firm Autonomy when HP bought it for $11 billion, a deal that's gone down as one of the biggest flops in M&A history. Prosecutors allege he duped the Silicon Valley giant into overpaying by inflating Autonomy's financial performance at a time the company was tanking.
8 minute read
March 12, 2024 | Legaltech News

Legal Tech Rundown: BCLP Launches AI Bill Tracker, Reveal Expands Its Partner Program, and More

An update on the legal tech market's past few weeks, from product launches to new partnerships.
6 minute read
February 22, 2024 | The American Lawyer

McDermott Sees 13% PEP Rise as Revenue Continues Steady Growth

The firm's revenue growth last year was slower than in recent years, but McDermott Chair Ira Coleman said the firm's concept of "institutional health" was the larger focus.
5 minute read
February 21, 2024 | Corporate Counsel

HP Enterprise Swiftly Fills General Counsel Opening

Rishi Varma's hiring as chief legal officer of the agricultural giant Cargill created an advancement opportunity for an in-house veteran.
2 minute read

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