Jury clears Autonomy CEO of fraud fees

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The superseding indictment within the case determined Thursday in San Francisco alleged that Lynch and Stephen Chamberlain, Autonomy’s former vp of finance, “engaged in a scheme to defraud purchasers and sellers of Autonomy securities, together with HP, concerning the true efficiency of Autonomy’s enterprise, its monetary situation, and its prospects for progress,” the US Lawyer’s Workplace mentioned on the time of the indictment.

“I’m elated with as we speak’s verdict and grateful to the jury for his or her consideration to the info over the past 10 weeks,” Lynch mentioned on Thursday, in line with a report from The Guardian. “My deepest thanks go to my authorized crew for his or her tireless work on my behalf. I’m wanting ahead to returning to the UK and getting again to what I really like most: my household and innovating in my discipline.”

Testimony raised questions on the place the blame fell, with some arguing that HP’s senior administration crew — led on the time by CEO Meg Whitman — had been blaming Lynch for his or her mismanagement of the acquisition and the next integration.



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