The 58-year-old, who faces 16 charges, faces up to 25 years in prison if convicted. He denies the claims.
He was extradited to the US last year, after a UK judge ruled in favour of HP in a similar civil fraud case.
He was extradited to the US last year, after a UK judge ruled in favour of HP in a similar civil fraud case.
At the time, the deal ranked as the largest-ever takeover of a British technology business.
But just a year later, HP wrote down the value of Autonomy by $8.8bn and claimed it had been duped into overpaying for the company.
Mr Weingarten told the jury that Mr Lynch had focused on technology, leaving the finances to others.
“Mike had many sleepless nights worrying about Autonomy, but not about accounting,” Mr Weingarten said, according to the Reuters news agency.
Mr Lynch co-founded Autonomy in 1996.
He was extradited to the US last year, after a UK judge ruled in favour of HP in a similar civil fraud case.
The 58-year-old, who faces 16 charges, faces up to 25 years in prison if convicted. He denies the claims.
At the time, the deal ranked as the largest-ever takeover of a British technology business.
He was extradited to the US last year, after a UK judge ruled in favour of HP in a similar civil fraud case.
He was extradited to the US last year, after a UK judge ruled in favour of HP in a similar civil fraud case.
At the time, the deal ranked as the largest-ever takeover of a British technology business.
But just a year later, HP wrote down the value of Autonomy by $8.8bn and claimed it had been duped into overpaying for the company.
Mr Weingarten told the jury that Mr Lynch had focused on technology, leaving the finances to others.
“Mike had many sleepless nights worrying about Autonomy, but not about accounting,” Mr Weingarten said, according to the Reuters news agency.
Mr Lynch co-founded Autonomy in 1996.
#Fraud #trial #British #tech #tycoon #begins
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