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
Nigeria sues crypto giant Binance for $81.5bn in economic losses and back tax
Chinese fishing fleets using North Korean forced labour in potential breach of sanctions, report claims
‘I felt nothing but disgust’: Tesla owners vent their anger at Elon Musk