Autonomy former-CEO counter sues HP after it lodges $5.1 billion claim

British IT entrepreneur Mike Lynch will file a counter claim against HP (HPQ.N), he said on Tuesday, a day after the U.S. company lodged a claim against him and his former colleague Sushovan Hussain for damages of $5.1 billion over his management of Autonomy, the British IT company it bought in 2011. Autonomy was supposed to be the $11.1 billion centerpiece of a shift into software for HP, but the deal turned sour a year later when it wrote off three quarters of the company's value, accusing Lynch and his colleagues of financial mismanagement. A HP spokeswoman confirmed the company had filed a claim against Lynch and Hussain in London's Chancery Division High Court alleging they engaged in fraudulent activities while executives at Autonomy.

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