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
Italy seeks to protect restaurants and hotels from fake and paid-for reviews
Bodies recovered from illegal goldmine in South Africa where many feared dead
US sues Elon Musk for allegedly failing to disclose early Twitter stock purchase