Over the duration of the forthcoming 10-week federal jury trial, the complex character of entrepreneur Mike Lynch, previously at the helm of one of the UK’s top performing tech companies, will face close scrutiny.
Lynch, 58, is cast by federal prosecutors as a heavyweight fraudster who spun a web of tales and doctored financials to artificially inflate his software firm Autonomy’s revenue prior to its
sale for $11 billion to HP exactly one decade ago.
This high-profile trial comes in direct response to what has now become an infamous $11 billion debacle. In the words of Reid Weingarten, Autonomy CEO Mike Lynch’s lead attorney, “HP needed someone to blame. They were actually better at finding a scapegoat than at integrating a company.”
More information regarding these proceedings is accessible in the original article.