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British tech tycoon cleared in US fraud trial

Former Autonomy boss Mike Lynch was accused of fraud related to the $11bn sale of his software firm.

The company, known for software that could extract useful information from "unstructured" sources such as phone calls, emails or video, was ultimately sold to Hewlett-Packard (HP) in 2011 in a deal that ranked, at the time, as the largest-ever takeover of a British technology business. Mr Lynch, a former UK government adviser who sat on the boards of the BBC and the British Library, had faced house arrest in the US, while preparing for the trial, which began in San Francisco in March. Lawyers for Mr Lynch, Christopher Morvillo and Brian Heberlig, said in a statement that they were thrilled by the outcome, saying it reflected a "rejection of the government's profound overreach in this case".

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