Reported 6 months ago
In the criminal trial of British tech founder Mike Lynch in the US, his defense lawyers are seeking an acquittal as the case nears its end. Prosecutors allege that Lynch defrauded Hewlett-Packard in the $11 billion acquisition of his software company, Autonomy, in 2011. The defense portrays Lynch as a savvy entrepreneur, while the prosecution labels him a fraudster. The trial, featuring over 30 government witnesses, has highlighted allegations of financial padding and fraud schemes within Autonomy. Lynch, denying wrongdoing, testified that HP mishandled the integration of the two companies. The closing arguments are expected to end soon before the jury deliberates.
Source: YAHOO