Autonomy’s Lynch defends record as HP confirms Federal probe

Mike Lynch, Founder and Chairman of Autonomy Corporation, poses for photographers at an awards ceremony in central LondonLONDON (Reuters) – Mike Lynch, the founder of the software firm sold to Hewlett-Packard last year in a deal tainted by accusations of accounting fraud, said he would defend the company's accounts to U.S. Federal investigators. HP confirmed in a filing late on Thursday that the U.S. Department of Justice was investigating Autonomy's books. The PC and printer maker bought the British company for $ 11 billion last year to lead its push into the more profitable software sector. Autonomy did not deliver the growth expected, resulting in Lynch's departure earlier this year. …


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