US court clears Mike Lynch of fraud charges

Lynch, who faced 15 counts of fraud, says he is ‘elated’

Tom Allen
clock • 2 min read
US court clears Mike Lynch of fraud charges

Mike Lynch, who was accused of defrauding HP over the value of his company Autonomy when the tech giant purchased it in 2011, has been cleared by a Californian court.

Lynch co-founded Autonomy in 1996, growing it so successfully he was likened to a British Bill Gates. He sold Autonomy to HP in 2011 for $11.1 billion, the largest ever acquisition of a UK business...

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