Tech mogul Mike Lynch cleared over multi-billion dollar sale of Autonomy to HP
6 months, 2 weeks ago

Tech mogul Mike Lynch cleared over multi-billion dollar sale of Autonomy to HP

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy British tech mogul Mike Lynch has been cleared of fraud charges over the multi-billion dollar sale of his company Autonomy to HP. open image in gallery Mike Lynch leaves the Rolls Building in London following the civil case over the sale of software firm Autonomy to Hewlett-Packard in 2011 The trial where prosecutors said Lynch and Chamberlain schemed to inflate Autonomy’s revenue was the latest chapter in a legal saga stemming from the failed deal. The Autonomy sale was one of the biggest British tech deals at the time but quickly went sour, with HP writing down Autonomy’s value by $8.8 billion within a year. open image in gallery The Autonomy sale was one of the biggest British tech deals at the time but quickly went sour, with HP writing down Autonomy’s value by $8.8 billion within a year.

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History of this topic

Tech giant to pursue £3bn claim against Mike Lynch’s family after yacht death
3 months, 3 weeks ago

Tech giant to pursue £3bn claim against Mike Lynch’s family after yacht death

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy An American technology company says it will continue to pursue …

Hewlett Packard confirms it will pursue £3bn claim against Mike Lynch: Tragic tech mogul's widow could be liable as ex-minister condemns firm for 'picking on a bereaved family'
3 months, 3 weeks ago

Hewlett Packard confirms it will pursue £3bn claim against Mike Lynch: Tragic tech mogul's widow could be liable as ex-minister condemns firm for 'picking on a bereaved family'

Daily Mail  

Hewlett-Packard Enterprise could pursue the widow of British tech tycoon Mike Lynch for up to £3billion after his death in the Bayesian superyacht disaster. Now, HPE has confirmed it will continue with its legal case, with a spokesman telling MailOnline today: 'In 2022, an English High Court judge ruled that HPE had substantially succeeded in its civil fraud claims against …

Mike Lynch disappears hours after death of his co-defendant in HP fraud trial. Conspiracy theories abound
4 months ago

Mike Lynch disappears hours after death of his co-defendant in HP fraud trial. Conspiracy theories abound

Hindustan Times  

Mike Lynch, one of the UK’s best-known tech tycoons, has been reported missing after his luxury superyacht sank off the coast of Italy on Monday. FILE - British tech magnate Mike Lynch walks into federal court in San Francisco, March 26, 2024, According to Reuters, Mike Lynch spent more than a decade building Britain's biggest software company and then almost …

British tech magnate Mike Lynch acquitted of fraud in $11 billion deal with Hewlett Packard
6 months, 2 weeks ago

British tech magnate Mike Lynch acquitted of fraud in $11 billion deal with Hewlett Packard

The Hindu  

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 billion deal that turned into a costly albatross for Silicon Valley pioneer Hewlett Packard. The not-guilty verdicts reached Thursday by a federal court jury in San Francisco followed an 11-week criminal trial that delved …

British tech magnate Mike Lynch acquitted of fraud charges in $11 billion deal with Hewlett Packard
6 months, 2 weeks ago

British tech magnate Mike Lynch acquitted of fraud charges in $11 billion deal with Hewlett Packard

Associated Press  

SAN FRANCISCO — 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 billion deal that turned into a costly albatross for Silicon Valley pioneer Hewlett Packard. The not-guilty verdicts reached Thursday by a federal court jury in San Francisco followed an 11-week criminal …

Former British tech star depicted as scam artist, visionary in trial about HP’s disastrous 2011 deal
9 months ago

Former British tech star depicted as scam artist, visionary in trial about HP’s disastrous 2011 deal

Associated Press  

SAN FRANCISCO — Federal prosecutors on Monday painted one-time British tech star Mike Lynch as the ruthless mastermind of an $11 billion deal that defrauded Silicon Valley pioneer Hewlett Packard. Meanwhile, Whitman, he said, had praised Autonomy’s products as “magical software.” “HP was in desperate shape, so they needed to do something,” Weingarten told the jury during his hourlong opening …

UK extradites Autonomy co-founder Mike Lynch to US
1 year, 7 months ago

UK extradites Autonomy co-founder Mike Lynch to US

Al Jazeera  

The tech entrepreneur faces 20 years in prison for fraud over HP’s $11bn acquisition of UK software firm Autonomy. Mike Lynch, co-founder of the UK software firm Autonomy, has been extradited to the United States to face criminal charges in a nearly 10-year legal battle and fall from grace for a man once hailed as Britain’s answer to Bill Gates. …

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