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.
Boeing’s space capsule docks at ISS after springing more helium leaks on first test flight with astronautsFILE - Former British tech star Mike Lynch walks into federal court in San Francisco for another day of a criminal trial accusing him of ripping off Hewlett Packard in an $11 billion acquisition of software maker Autonomy, March 26, 2024.
Another former Autonomy finance executive, Stephen Chamberlain, faced fraud charges alongside Lynch during the complex trial. The same jury acquitted Chamberlain, too. Whitman, who became HP’s CEO after an unsuccessful campaign to become California’s governor in 2010, ended up recognizing $8.8 billion in losses in the Autonomy deal and eventually fired Lynch in 2012 while accusing him of cooking the books. She also laid off thousands of workers as HP’s fortunes sagged and eventually split the company in two to separate its personal computer and printer operations from products and services sold to other businesses.
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