Documents submitted to US court in case over allegations founder duped HP into overpaying for software firm
Hewlett-Packard disputed with its auditors whether $5bn (£4bn) of a writedown in value of the software firm Autonomy could be blamed on fraud allegedly engineered by the tech entrepreneur Mike Lynch, according to documents filed to a US court.
Lynch, a billionaire founder once lauded as the UK’s answer to Bill Gates, was extradited to the US in May to face criminal fraud charges over allegations that he duped HP into overpaying when it struck an $11bn deal for Autonomy in 2011.
About Author
More Stories
Hyundai facing legal action over car that can be stolen ‘effortlessly in seconds’
Canadian company in negotiations with Trump to mine seabed
China looks south as it seeks to reduce reliance on a capricious United States