Mike Lynch: Autonomy co-founder cleared of fraud in US trial

Mike Lynch was cleared of all 15 charges in the US trial, which included one count of conspiracy and 14 counts of wire fraud, each connected to specific transactions or events5. The charges were related to the $11 billion sale of his software firm, Autonomy, to Hewlett-Packard in 2011. Lynch was accused of inflating the value of Autonomy through various fraudulent activities, such as backdating agreements to mislead about the company's sales, concealing the firm's loss-making business reselling hardware, and intimidating or paying off people who raised concerns.

The jury in Mike Lynch's trial took 10 weeks of deliberation before reaching a verdict.