The founder and former CEO of Autonomy was on trial for criminal fraud along with his now-former finance VP Stephen Chamberlain regarding HP's $11 billion purchase of the UK software biz in 2011. Both men were today acquitted.by American prosecutors of tricking HP into the acquisition by falsely inflating the value of Autonomy. HP wrote-down the value of the acquired software developer a year later by nearly $9 billion. Both men denied any wrongdoing.
"I am elated with today’s verdict and grateful to the jury for their attention to the facts over the last ten weeks," Dr Lynch said in a statement to"My deepest thanks go to my legal team for their tireless work on my behalf. I am looking forward to returning to the UK and getting back to what I love most: My family and innovating in my field."
The former chief exec faced up to 20 years behind bars had he been convicted. Autonomy Sushovan Hussain was sent down for five years in 2018 forHPE sues China's Inspur Group over server patentsLos Alamos Lab powers up Nvidia-laden Venado supercomputerHPE boss Neri bags 15% pay hike in 2023 as targets ticked