Mike Lynch Acquitted of Fraud Charges in US

Background

British tech entrepreneur Mike Lynch co-founded Autonomy Corporation and founded Invoke. In 2011, Hewlett-Packard (HP) acquired Autonomy for $11.1 billion.

Allegations and Extradition

Following the acquisition, HP accused Lynch of fraud, alleging that he had inflated Autonomy's financial performance prior to the sale. Lynch was extradited to the US in 2020 to face criminal charges.

Trial and Acquittal

Lynch's trial began in San Francisco in March 2023. On Thursday, a jury acquitted him of all fraud charges. This acquittal represents a significant victory for Lynch, who had denied any wrongdoing from the start.

Impact

The verdict brings an end to a long-running legal battle that has spanned over a decade. It also restores Lynch's reputation as a respected figure in the technology industry.