Reported 5 months ago
UK tech tycoon Mike Lynch testified in a San Francisco federal court trial, denying responsibility for what US prosecutors claim was a significant Silicon Valley fraud involving the $11 billion sale of his software startup to Hewlett Packard Co. Lynch, who already lost a London civil trial over the acquisition of his Autonomy Corp., is now facing criminal charges for allegedly deceiving Hewlett Packard. He told the jury that he wasn't involved in certain discussions and accounting decisions and described the situation as "surreal." The trial is nearing its conclusion, with both sides expected to finish presenting evidence next week before proceeding to closing arguments and jury deliberation.
Source: YAHOO