Bangalore: Hewlett-Packard has asked for six more weeks of time to deliberate on the legal action it wishes to take in regards to the Autonomy fraud claims lawsuit filed against the company by its own shareholders, reports Reuters.

HP, after acquiring the UK based software company Autonomy for $ 11.8 billion back in 2011, took a writedown of about $ 8.8 billion in November 2012 and accused the Autonomy officials including former CEO Mike Lynch for inflating the company’s valuation and accounting fraud, which Lynch flatly denied.

In light of these events, HP’s shareholders filed a lawsuit against the company and CEO Meg Whitman for not revealing the fact that they might have paid in excess for Autonomy or the suspected fraud much earlier.

In this multi-billion dollar lawsuit, HP was given time until January 17, 2014 to vote on whether the company should try to have claims against its officers or join the claim in an attempt to make up for its losses. And as it stands, HP has requested time until February 28 to work out its approach. According to the court filing the company had “made decisions with respect to the actions that it deems to be in the best interests of the company and its shareholders.”

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