Autonomy founder Lynch set for $5 billion Hewlett-Packard court showdown

Mike Lynch, once hailed as Britain's answer to Bill Gates, faces Hewlett-Packard in London's High Court on Monday in a multi-billion dollar showdown over the U.S. technology company's 2011 purchase of the Autonomy software business he founded.

Lynch has denied the allegations and said the failure of the $11 billion acquisition was down to HP's mismanagement. Lynch has been engaged in a war of words with HP ever since he was fired by former HP CEO Meg Whitman in 2012 less than a year after the deal was completed. An amended indictment filed on Friday added charges against both men, including a securities fraud count against Lynch that could subject him to a 25-year prison term.

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Autonomy founder Lynch set for $5 billion Hewlett-Packard court showdownMike Lynch, once hailed as Britain's answer to Bill Gates, faces Hewlett-Pa... Is this the face of pure evil or what? Pleas stop sending out this giant head shot. Thanks.
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HP's blockbuster $5.1 billion legal battle against Autonomy's former CEO Mike Lynch is about to kick offHP has accused former Autonomy CEO Mike Lynch and former chief financial officer Sushovan Hussain of fraud and overstating Autonomy's value. thanks for updates business insider
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Autonomy founder Lynch set for $5 billion Hewlett-Packard court showdownMike Lynch, once hailed as Britain's answer to Bill Gates, faces Hewlett-Pa... Is this the face of pure evil or what? Pleas stop sending out this giant head shot. Thanks.
Source: Reuters - 🏆 2. / 97 Read more »