* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Wednesday, July 30, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    The SBA’s live-entertainment bailout was supposed to end two years ago. We still don’t know how $1.5 billion was spent. – Yahoo Home

    $1.5 Billion Live-Entertainment Bailout: Two Years Later, Where Did the Money Go?

    Wall Street Bets: Caesars, Golden Entertainment, Churchill Downs, GLPI, Boyd – CDC Gaming

    Top Wall Street Bets: Caesars, Golden Entertainment, Churchill Downs, GLPI, and Boyd Take Center Stage

    Micro wrestling coming to NE Ohio – Cleveland.com

    Get Ready, NE Ohio: Micro Wrestling Is Making Its Exciting Debut!

    League City seeking proposals for 53-acre entertainment district on sportsplex land – galvnews.com

    League City Invites Proposals to Transform 53-Acre Sportsplex into Vibrant Entertainment District

    Top 5 entertainment news: Sandeep Reddy Vanga regrets trimming Animal’s runtime by 7-8 minutes, Akshay Ku – Times of India

    Top 5 Entertainment Highlights: Sandeep Reddy Vanga Reveals Why He Trimmed Animal’s Runtime by 7-8 Minutes, Plus Akshay Ku Updates

    Cote de Pablo reveals how Michael Weatherly used his soap opera roots to put her at ease in “NCIS” love scene – yahoo.com

    Cote de Pablo Reveals How Michael Weatherly’s Soap Opera Background Made Their “NCIS” Love Scene Easier

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Revving Up The U.S. Technology Engine – Forbes

    Revving Up The U.S. Technology Engine – Forbes

    More than just a hockey player – Rochester Institute of Technology Athletics

    Beyond the Ice: The Inspiring Journey of a Remarkable Athlete from Rochester Institute of Technology

    Smart Logistics in Warehousing – From Legacy Protocols to Green IoT – How Technology Is Reshaping the Sustainable Supply Chain – Logistics Viewpoints –

    Smart Logistics in Warehousing – From Legacy Protocols to Green IoT – How Technology Is Reshaping the Sustainable Supply Chain – Logistics Viewpoints –

    AI’s race in the dark with China – Axios

    The High-Stakes AI Race: Innovation and Competition in the Shadows

    Eagle Unveils Revolutionary X-Ray Technology at Pack Expo

    Validea’s Top Information Technology Stocks Based On Peter Lynch – 7/25/2025 – Nasdaq

    Validea’s Top Information Technology Stocks Based On Peter Lynch – 7/25/2025 – Nasdaq

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    The SBA’s live-entertainment bailout was supposed to end two years ago. We still don’t know how $1.5 billion was spent. – Yahoo Home

    $1.5 Billion Live-Entertainment Bailout: Two Years Later, Where Did the Money Go?

    Wall Street Bets: Caesars, Golden Entertainment, Churchill Downs, GLPI, Boyd – CDC Gaming

    Top Wall Street Bets: Caesars, Golden Entertainment, Churchill Downs, GLPI, and Boyd Take Center Stage

    Micro wrestling coming to NE Ohio – Cleveland.com

    Get Ready, NE Ohio: Micro Wrestling Is Making Its Exciting Debut!

    League City seeking proposals for 53-acre entertainment district on sportsplex land – galvnews.com

    League City Invites Proposals to Transform 53-Acre Sportsplex into Vibrant Entertainment District

    Top 5 entertainment news: Sandeep Reddy Vanga regrets trimming Animal’s runtime by 7-8 minutes, Akshay Ku – Times of India

    Top 5 Entertainment Highlights: Sandeep Reddy Vanga Reveals Why He Trimmed Animal’s Runtime by 7-8 Minutes, Plus Akshay Ku Updates

    Cote de Pablo reveals how Michael Weatherly used his soap opera roots to put her at ease in “NCIS” love scene – yahoo.com

    Cote de Pablo Reveals How Michael Weatherly’s Soap Opera Background Made Their “NCIS” Love Scene Easier

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Revving Up The U.S. Technology Engine – Forbes

    Revving Up The U.S. Technology Engine – Forbes

    More than just a hockey player – Rochester Institute of Technology Athletics

    Beyond the Ice: The Inspiring Journey of a Remarkable Athlete from Rochester Institute of Technology

    Smart Logistics in Warehousing – From Legacy Protocols to Green IoT – How Technology Is Reshaping the Sustainable Supply Chain – Logistics Viewpoints –

    Smart Logistics in Warehousing – From Legacy Protocols to Green IoT – How Technology Is Reshaping the Sustainable Supply Chain – Logistics Viewpoints –

    AI’s race in the dark with China – Axios

    The High-Stakes AI Race: Innovation and Competition in the Shadows

    Eagle Unveils Revolutionary X-Ray Technology at Pack Expo

    Validea’s Top Information Technology Stocks Based On Peter Lynch – 7/25/2025 – Nasdaq

    Validea’s Top Information Technology Stocks Based On Peter Lynch – 7/25/2025 – Nasdaq

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Business

Jury clears Autonomy CEO of fraud charges

June 8, 2024
in Business
Jury clears Autonomy CEO of fraud charges
Share on FacebookShare on Twitter

News

Jun 07, 20244 mins

FraudLegalMergers and Acquisitions

The case stemmed from Hewlett-Packard’s 2011 purchase of Autonomy for $11.1 billion. Some have blamed former CEO Meg Whitman for not testifying in the case.

A jury in San Francisco on Thursday unanimously cleared Autonomy CEO Mike Lynch of 15 counts of wire fraud and conspiracy to commit wire fraud stemming from his company’s purchase by Hewlett-Packard in 2011 for $11.1 billion dollars. HP executives had maintained that Lynch fooled them when he sold Autonomy — HP subsequently had to write down the value of the acquisition by over $5 billion — whereas Lynch maintained that he had been truthful. Jurors on Thursday sided with him.

The charges against Lynch were brought by the U.S. Attorney’s Office for the Northern District of California. He was extradited from the UK to face the charges and released to home confinement in San Francisco after posting a $100 million bond.

This is not Lynch’s only face-off with the law over the sale of Autonomy: there’s also a long-running case in London where the judge is still considering the award of damages. See our timeline of the HP-Autonomy M&A disaster.

The superseding indictment in the case decided Thursday in San Francisco alleged that Lynch and Stephen Chamberlain, Autonomy’s former vice president of finance, “engaged in a scheme to defraud purchasers and sellers of Autonomy securities, including HP, about the true performance of Autonomy’s business, its financial condition, and its prospects for growth,” the US Attorney’s Office said at the time of the indictment.

“I am elated with today’s verdict and grateful to the jury for their attention to the facts over the last 10 weeks,” Lynch said on Thursday, according to a report from The Guardian. “My deepest thanks go to my legal team for their tireless work on my behalf. I am looking forward to returning to the UK and getting back to what I love most: my family and innovating in my field.”

Testimony raised questions about where the blame fell, with some arguing that HP’s senior management team — led at the time by CEO Meg Whitman — were blaming Lynch for their mismanagement of the acquisition and the subsequent integration.

Whitman was never called to testify, a fact that some observers said likely played a role in the jury’s decision.

Joe Ahmad, a corporate attorney and co-founder of the Houston law firm of Ahmad, Zavitsanos & Mensing, was one of those who cited Megman’s lack of an appearance as problematic.

“In a battle between a rich founder executive and a sophisticated larger company, where the larger company bought the founder’s company, people will assume that the larger company is responsible for doing its due diligence. They will likely assume the company executives should know better than to rely purely on representations of the other side’s management. Some jurors tend to believe that these companies and executives operate in infested waters and should know it is ‘buyer beware,’” Ahmad said in an interview with CIO.com. “The theme that HP and Whitman — who’s also a politician, not always seen as a trustworthy occupation — would blame others for their own mismanagement or failures is easy for some jurors to believe.”

In that context, jurors may have expected Whitman to testify, and the fact that she didn’t “may have raised some suspicion and doubt in their minds,” Ahmad said. “And the fact that Lynch did testify and that he, over days, played guide and teacher to the jury about British phrases had to endear him to the jurors. Given all that, it wasn’t a surprising outcome.”

SUBSCRIBE TO OUR NEWSLETTER

From our editors straight to your inbox

Get started by entering your email address below.

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : CIO – https://www.cio.com/article/2139681/jury-clears-autonomy-ceo-of-fraud-charges.html

Tags: Autonomybusinessclears
Previous Post

AES enlists AI to boost its sustainable energy business

Next Post

MarsCode: Experience the future of coding with AI assistance

Celebrating Excellence: Joy in Medicine® Health System Recognition Program

July 30, 2025
Dorothy Teater, remembered as a ‘trailblazer’ for women in central Ohio politics, dies at 94 – The Columbus Dispatch

Dorothy Teater, remembered as a ‘trailblazer’ for women in central Ohio politics, dies at 94 – The Columbus Dispatch

July 30, 2025
Revving Up The U.S. Technology Engine – Forbes

Revving Up The U.S. Technology Engine – Forbes

July 30, 2025
SAVING COLLEGE SPORTS – The White House (.gov)

SAVING COLLEGE SPORTS – The White House (.gov)

July 30, 2025
Oxygen & nutrients in Puget Sound – Department of Ecology – State of Washington (.gov)

Essential Oxygen and Nutrient Levels in Puget Sound: What You Need to Know

July 29, 2025
What U.S. science stands to lose without international graduate students and postdoctoral researchers – The Transmitter

What U.S. science stands to lose without international graduate students and postdoctoral researchers – The Transmitter

July 29, 2025
Pacific Science Center announces short-term closure to dismantle exhibit – The Seattle Times

Pacific Science Center Temporarily Closes to Dismantle Popular Exhibit

July 29, 2025
You can slow cognitive decline as you age, large study finds. Here’s how – CNN

You can slow cognitive decline as you age, large study finds. Here’s how – CNN

July 29, 2025
Artlogic and ArtCloud Merge in Bid to Shape Art World’s Digital Backbone – ARTnews.com

Artlogic and ArtCloud Join Forces to Transform the Digital Future of the Art World

July 29, 2025
Culture-Native Wallets Are Next: Inside Luffa’s Fan-Economy Operating System – The Defiant

Culture-Native Wallets Are Next: Inside Luffa’s Fan-Economy Operating System – The Defiant

July 29, 2025

Categories

Archives

July 2025
MTWTFSS
 123456
78910111213
14151617181920
21222324252627
28293031 
« Jun    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (745)
  • Economy (769)
  • Entertainment (21,649)
  • General (16,181)
  • Health (9,807)
  • Lifestyle (777)
  • News (22,149)
  • People (771)
  • Politics (779)
  • Science (15,982)
  • Sports (21,267)
  • Technology (15,750)
  • World (752)

Recent News

Celebrating Excellence: Joy in Medicine® Health System Recognition Program

July 30, 2025
Dorothy Teater, remembered as a ‘trailblazer’ for women in central Ohio politics, dies at 94 – The Columbus Dispatch

Dorothy Teater, remembered as a ‘trailblazer’ for women in central Ohio politics, dies at 94 – The Columbus Dispatch

July 30, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version