Judge Robles finds Mike Lynch innocent of HP’s fraud trial
He had been accused of falsely inflating revenues at the UK startup ahead of its $11 billion sale to HP in 2011.
This verdict closes the book on a relentless 13-year effort to pin HP’s well-documented ineptitude on Dr Lynch.
Mr Lynch made £500M from the sale of Autonomy to HP.
Prosecutors accused Lynch and Chamberlain of illegally inflating revenues prior to the acquisition and hiding high-margin software revenues inside unprofitable hardware sales.
In the trial, Lynch successfully argued that he had not been involved in accounting and contract matters, instead focusing on technical and marketing issues.
