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British tech tycoon Mike Lynch cleared in bn US fraud trial
June 7, 2024June 7, 2024by In Tech

British tech tycoon Mike Lynch cleared in $11bn US fraud trial

Autonomy, founded in Cambridge in 1996, was a member of the FTSE 100 and one of Britain’s most valuable software companies before its sale. Mr Lynch made £500m from the deal, using the funds to set up companies including the British cybersecurity company Darktrace. HP wrote down almost all of the deal’s value a year...