Autonomy’s Ex-CEO Charged With Fraud Linked To HP Deal
Law360 (November 29, 2018, 11:33 PM EST) -- A federal grand jury Thursday indicted former Autonomy Corp. CEO Michael Lynch and another former top executive on fraud charges, alleging they lied about the British software company's financials before Hewlett-Packard Co.'s $11.7 billion acquisition in 2011.
The announcement comes months after the conviction of Autonomy’s ex-chief financial officer, Sushovan Hussain, in California federal court on wire and securities fraud charges also tied to the alleged accounting scheme.
The wire fraud charges brought Thursday against Lynch and Stephen Chamberlain, Autonomy’s former finance vice president, allege the executives set out to defraud shareholders and potential company buyers, including HP, about the financial...
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