Autonomy Corp.'s former CFO pleaded not guilty to charges he schemed to inflate the price of his company's $11 billion takeover by Hewlett-Packard Co. as the U.S. continues its investigation.
After Sushovan Hussain entered his plea Thursday, the San Francisco federal judge overseeing the case said he wants to move toward a trial without delay. The executive traveled voluntarily from England for Thursday's hearing and his lawyer has said he's eager to prove his innocence.
Prosecutors charged Hussain in November, five years after Hewlett-Packard admitted that its 2011 acquisition of Autonomy was a bust. He and Autonomy co-founder Michael Lynch face a lawsuit by Hewlett-Packard in a London court seeking $5.1 billion over allegations they made false claims about Autonomy's performance and financial condition to boost the company's value. Lynch wasn't charged in the December indictment.
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