Autonomy founder faces charges of falsifying accounts before HP bought his software company in 2011
Mike Lynch, once one of the UK’s most successful tech entrepreneurs, is set to go on trial in San Francisco on Monday, 13 years after what US prosecutors have called “the largest fraud in the history” of Silicon Valley. Photograph: Yui Mok/PA WireMike Lynch, once one of the UK’s most successful tech entrepreneurs, is set to go on trial in San Francisco on Monday, 13 years after what US prosecutors have called “the largest fraud in the history” of Silicon Valley.
In a setback for Mr Lynch, some of the defence evidence he had hoped to rely on was chipped away during pretrial hearings in recent weeks. Judge Charles Breyer, who will oversee the three-month jury trial, barred some of the main evidence that his lawyers had planned to present.Beef farmer develops AI-powered automated weighing system for cattle
But a year after the deal, Meg Whitman, HP’s chief executive, accused Autonomy’s former management of falsifying its accounts, leading to a $5 billion write-off. She later gave up on trying to remake HP and broke up the company. Mr Quattrone has been listed as a potential witness by the prosecution, along with Léo Apotheker, the HP chief executive at the time of the deal. Lynch is also likely to appear, his lawyers have told the judge, though the case he wants to put directly to the jury has been hampered by the limitations on evidence he can use, his lawyers said.
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