Software Executives Indicted in Fraudulent $11B Acquisition

Two former Autonomy Corporation executives were indicted in San Francisco on Thursday for allegedly defrauding company shareholders, after an $11 billion acquisition by hardware firm HP vaporized billions of dollars in shareholder value amid revelations of accounting irregularities by the British software company.

Read more

Investors Claim Info Lacking on Cisco’s Bid for BroadSoft

A shareholder class action in Maryland demands revisions to the proxy statement for Cisco’s pending $1.9 billion buyout of business-communication firm BroadSoft because the document allegedly lacks key financial projections and an explanation of its discounted cash-flow analyses.

Read more