Closing Arguments Conclude in Mike Lynch's High-Profile Fraud Trial
Jurors to deliberate on allegations of fraud and conspiracy in Hewlett-Packard's $11 billion acquisition of Autonomy.
- Mike Lynch and Stephen Chamberlain are accused of inflating Autonomy's revenue to entice Hewlett-Packard's purchase.
- Prosecutors claim Lynch made $640 million from the deal, which resulted in HP writing down Autonomy's value by $8.8 billion.
- Lynch's defense argues that HP's mismanagement caused the financial losses post-acquisition.
- The trial featured testimony from over 30 witnesses, including former HP CEO Leo Apotheker.
- A decision from the jury could lead to significant legal and financial repercussions for Lynch and Chamberlain.