HP Inc

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As of 19:59 17 Jan 2019
Market cap. US dollars
34,352.23 million
As of 19:59 17 Jan 2019

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Lynch defrauded shareholders, claims US

Autonomy
Alamy

According to a statement from the US Department of Justice, Mr Lynch, 53, engaged in a scheme to defraud buyers and sellers of shares in Autonomy around the time of its $11bn sale to Hewlett-Packard in 2011.

It alleges that he and Stephen Keith Chamberlain, Autonomy’s former vice president for finance, misled others about the "true performance of Autonomy’s business, its financial condition, and its prospects for growth" between 2009 and 2011.

Mr Lynch's lawyers says that he will "vigorously defend the charges against him".

Read the charges against Mike Lynch here.