Autonomy founder Mike Lynch inflated sales before HP deal, court told

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Hewlett Packard lawyer accuses UK entrepreneur and former finance chief of ‘false accounting’ to skew software company’s finances

Mike Lynch, former CEO of Autonomy, arrives for a court hearing at The Rolls Building in London, the UK, March 25 2019. Picture: SIMON DAWSON/BLOOMBERG

Lynch denies any wrongdoing and says HP’s mismanagement was responsible for the failure of the acquisition. Lawyer Laurence Rabinowicz, representing HP, told London’s high court that Lynch and Hussain had knowingly been involved in “widespread and systematic false accounting” to create a materially false picture of Autonomy’s finances.

 

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