US EditionTech tycoon Mike Lynch cleared of all fraud charges in Hewlett-Packard trial
- UK entrepreneur Mike Lynch was cleared of all charges by a US jury in a high-profile fraud case involving the sale of his company Autonomy to Hewlett-Packard in 2011.
- Dr Lynch and the former finance executive Stephen Chamberlain, both accused of conspiracy and attempted fraud in the £8.3bn deal to HP, were acquitted after standing trial.
- The value of Autonomy was allegedly inflated before acquisition, leading to a substantial loss for HP, with Lynch denying any wrongdoing and questioning the due diligence of the acquiring firm.
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Mike Lynch Acquitted: Britain's Tech King Cleared of Fraud in HP Deal
Mike Lynch Acquitted: Britain's Tech King Cleared of Fraud in HP Deal Mike Lynch, once hailed as Britain's king of technology, has been exonerated of charges alleging he orchestrated a fraud and conspiracy leading to a disastrous $11 billion deal for Hewlett Packard.The not-guilty verdicts were delivered Thursday by a federal court jury in San Francisco following an 11-week criminal trial that scrutinized HP's 2011 acquisition of Autonomy, a so…
·India
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Associated Press News+7 Reposted by 7 other sources
British tech magnate Mike Lynch acquitted of fraud charges in $11 billion deal with Hewlett Packard
British tech magnate Mike Lynch has been cleared of charges alleging he orchestrated a fraud and conspiracy leading up to an $11 billion deal that turned into a costly albatross for Silicon Valley pioneer Hewlett Packard.
·United States
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Leaning Left8Leaning Right3Center17Last UpdatedBias Distribution61% Center
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61% Center
L 29%
C 61%
11%
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