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Autonomy founder Mike Lynch was acquitted of fraud on Thursday by a jury in San Francisco, a major win for the entrepreneur who has been dogged by legal problems since
SAN FRANCISCO (AP) — Mike Lynch, once hailed as Britain’s king of technology, has been cleared of charges alleging he orchestrated a fraud and conspiracy leading up to an $11
Former Autonomy boss Mike Lynch was accused of fraud related to the $11bn sale of his software firm.
While Dr Lynch is a free man following the conclusion of the fraud trial, the tech entrepreneur still faces the prospect of a big damages bill in London.
Mike Lynch, once dubbed the 'Bill Gates of Britain,' was acquitted of fraud charges related to HP's $11 billion acquisition of Autonomy. The federal jury's verdict followed an 11-week trial in San Francisco. The case delved into HP's troubled purchase and subsequent financial woes under then-CEO Meg Whitman.