Mike Lynch, Autonomy’s founder, gave evidence for a month in the case brought against him by Hewlett-Packard Times photographer richard pohleHewlett-Packard “plucked out of thin air” the $5 billion cost of an alleged fraud at the software developer Autonomy, the High Court was told today. The American technology company had no written record of how it calculated the damage from the alleged financial improprieties, according to a lawyer for Mike Lynch, Autonomy’s founder. “This was not a careful scientific process,” Robert Miles, QC, said. “The figure was arbitrary and effectively plucked from the air. HP, which bought Autonomy for $11 billion in 2011, has accused Mr Lynch, 54, and Sushovan Hussain,…

Source: The Times January 06, 2020 17:03 UTC