HPE lawyers claim Autonomy chief Lynch knew all about 'revenue-pumping' carousel

HPE lawyers claim Autonomy chief Lynch knew all about 'revenue-pumping' carousel

5 years ago
Anonymous $Dftgs0JzgE

https://www.theregister.co.uk/2019/03/25/mike_lynch_pumping_claims/

Autonomy Trial Former Autonomy chief exec Mike Lynch was "most certainly aware" that his British software company had fraudulently hyped up its performance using a carousel of "revenue-pumping" fake sales, HPE's lawyers told London's High Court on Monday.

Lynch had Autonomy buy software and other products from its value-added resellers (VARs) to artificially pump up the company's revenues in the two years before Hewlett Packard bought the firm for $11bn in 2017, barrister Laurence Rabinowitz QC told Mr Justice Hildyard.