:Mike Lynch, the tech founder once hailed as Britain's answer to Steve Jobs, took the stand in his own defense on Thursday in San Francisco federal court as his trial on charges of bilking Hewlett-Packard in an $11 billion deal to acquire his company nears its end.
Lynch and former Autonomy finance executive Stephen Chamberlain face charges of fraud and conspiracy for allegedly scheming to inflate the company's revenue starting in 2009, in part to entice a buyer. Lynch's legal team has argued at trial that HP was so eager to bag Autonomy and shut out potential competitors that it rushed through due diligence before the sale.
Source: News Formal (newsformal.com)
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