Lynch Charges
U.S. prosecutors have filed new charges against Mike Lynch, the British entrepreneur who sold his data firm Autonomy to Hewlett-Packard. The 17-count indictment now includes new charges of securities fraud, wire fraud and conspiracy. HP says Lynch and former Autonomy CFO Sushovan Hussain inflated the company's value before the $11.7 billion sale, which led to an $8.8 billion write-down, and is suing them in the U.K. for $5.1 billion; the trial begins today. BBC
U.S. prosecutors have filed new charges against Mike Lynch, the British entrepreneur who sold his data firm Autonomy to Hewlett-Packard. The 17-count indictment now includes new charges of securities fraud, wire fraud and conspiracy. HP says Lynch and former Autonomy CFO Sushovan Hussain inflated the company's value before the $11.7 billion sale, which led to an $8.8 billion write-down, and is suing them in the U.K. for $5.1 billion; the trial begins today. BBC