HPE seeks $4B in damages from Autonomy boss Mike Lynch and his ex-CFO
Lawyers for HPE are seeking $4 billion (£3.17 billion) in damages from former Autonomy boss Mike Lynch and his ex-CFO Sushovan Hussain, after a court in the UK found the pair inflated the software maker’s value ahead of its merger with HP.
HPE successfully sued Autonomy’s founder Mike Lynch in the High Court of England and Wales back in 2022, and the British tech tycoon was extradited the next year to the US to face charges of criminal fraud regarding that Autonomy takeover.
Lynch is right now under house arrest in San Francisco pending trial for those charges, while Hussain was sentenced to five years behind bars in the US in 2019.
BoingBoing (along with several other tech and news sites) gets called out on TWIT / Steve Gibson’s Security Now! podcast for falling for the toothbrush botnet story
“Highly respected news outlets repeated the story because, well, talk about click-bait!”