Brit tech tycoon Mike Lynch cleared in US Autonomy fraud trial
Breaking British entrepreneur Mike Lynch has just been cleared by a jury in San Francisco.
The founder and former CEO of Autonomy was on trial for criminal fraud along with his now-former finance VP Stephen Chamberlain regarding HP's $11 billion purchase of the UK software biz in 2011. Both men were today acquitted.
Lynch had been accused by American prosecutors of tricking HP into the acquisition by falsely inflating the value of Autonomy. HP wrote-down the value of the acquired software develo...
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