Jury in San Francisco finds founder plus finance VP not guilty
Mike Lynch, founder and CEO of Autonomy, has been acquitted of criminal fraud and conspiracy charges arising from the 2011 sale of the British software company to Hewlett-Packard.
Meanwhile, the now-former chief exec argued during his trial that he was just the tech and marketing guy, a smart and savvy entrepreneur rather than a master manipulator of finances, and that if there were any problems with Autonomy's numbers, the IT titan should have spotted and pulled those up during the takeover bid.
In 2022, HPE – which inherited the civil litigation after HP split into HPE and HP Inc – prevailed in that British civil case and is presentlyThe evidence presented at trial demonstrated conclusively that Mike Lynch is innocent "We are thrilled with the jury's verdict, which reflects a resounding rejection of the government's profound overreach in this case," said Morvillo and Heberlig.
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British tech tycoon Mike Lynch is acquitted of claims he defrauded Hewlett-Packard in $11billion...British tech tycoon Mike Lynch has been acquitted of claims he defrauded Hewlett-Packard in a $11billion sale of his software company Autonomy.
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