Tech tycoon Mike Lynch cleared of all fraud charges in Hewlett-Packard trial

Tech tycoon Mike Lynch cleared of all fraud charges in Hewlett-Packard trial

Lynch faced 15 counts of fraud over the $11.1bn purchase of his company Autonomy by HP in 2011

British tech tycoon Mike Lynch was found not guilty Thursday on all 15 counts of fraud he faced over the $11.1bn purchase of his company Autonomy by Hewlett-Packard in 2011.

Lynch’s trial began in March in San Francisco after a lengthy battle over his extradition from England to the US. He was first charged in 2018, accused of inflating sales, misleading regulators and duping his eventual buyer.

Continue reading…

Please follow and like us:
Pin Share