Mike Lynch, once hailed as Britain’s king of technology, has been cleared of charges alleging he orchestrated a fraud and conspiracy leading up to an 11-billion-dollar deal that turned into a costly albatross for Silicon Valley pioneer Hewlett Packard .
HP at first celebrated the purchase as a huge coup that would propel the Palo Alto, California, company down a promising new path, but then quickly came to regret under its then-chief executive Meg Whitman. It took years to extradite Mr Lynch from the UK and then more legal wrangling before the trial finally began in mid-March.Being accused of a massive fraud represented a dramatic turn in fortune for an entrepreneur once described as the Bill Gates of Britain — a title he seemed to live up to when he negotiated the Autonomy sale that generated a more than 800 million dollar windfall for him.
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Tech star Mike Lynch acquitted of fraud in £8.6bn deal with Hewlett PackardThe not-guilty verdicts followed an 11-week criminal trial.
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