Sign up to receive 5 free days of our daily summary for tech news.

Enterprise Cloud

Ex-Autonomy CEO Lynch Now Facing Civil Suit From HP

Michael Lynch, the former tech executive who was indicted in the U.S. last year for making false statements to get Hewlett-Packard to buy his company Autonomy in 2011, is now facing a $5 billion civil fraud lawsuit from HP that starts next week in the U.K., according to this report from the Financial Times. HP, which paid $11 billion for Autonomy, alleges that Mr. Lynch artificially inflated the company’s sales numbers to get it to overpay. 

This new chapter in the HP-Autonomy legal battle shows how slowly the wheels of justice can turn in tech industry disputes. Since filing the civil suit in 2015, HP has split into two companies and spun off Autonomy along with the rest of its software business. The new legal drama also illustrates how dramatically fortunes have turned for Mr. Lynch, a once-revered figure in U.K. tech circles who used to be compared to Bill Gates.


0 Subscriber comments

Sign up for our weekly newsletter and 5 complimentary days of our daily tech news roundup.

Already a subscriber? Log in here