UK Tech Mogul Lynch Beats HP Fraud Case in Stunning US Loss (1)
In a staggering loss for US prosecutors, a jury found UK tech tycoon Mike Lynch-bsp-person> not guilty of criminal charges that he pulled off Silicon Valley’s biggest-ever fraud 13 years ago by duping Hewlett Packard Co. into buying his software startup for $11 billion.
Lynch’s victory in San Francisco federal court came after he lost a civil trial in London in 2022 over allegations that he and Autonomy Corp.-rte-company>’s former finance chief used accounting tricks to inflate the company’s revenue ahead of its 2011 sale. Hewlett Packard is seeking $4 billion in damages, though the UK judge has said …
Related
‘A bit boring – but boring can be good’: Why…
Have you heard of RELX? A lot of people haven’t. A cursory browse of Google Trends suggests there is less “search interest” for RELX than virtually any ot
Ireland’s Version 1 pledges £40m investment into British AI economy …
Irish technology consultancy Version 1 has pledged to invest £40m into the UK’s AI economy following a discussion with leaders of both countries. The i
UK tech funding roundup: This week’s deals from Quantexa to…
This week’s UK tech funding deals include AI data intelligence platform Quantexa, biomaterials developer Epoch Biodesign and more. UKTN tracked £200.3m worth
‘Just get on and do it’: Riverlane boss urges fast…
The UK has everything it needs to lead the world in quantum computing. First-class scientific talent, a solid funding pipeline, groundbreaking companies and eve
