Autonomy’s Lynch defends record as HP confirms Federal probe
LONDON (Reuters) – Mike Lynch, the founder of the software firm sold to Hewlett-Packard last year in a deal tainted by accusations of accounting fraud, said he would defend the company’s accounts to U. S. Federal investigators. HP confirmed in a filing late on Thursday that the U. S. Department of Justice was investigating Autonomy’s books. The PC and printer maker bought the British company for $11 billion last year to lead its push into the more profitable software sector. Autonomy did not deliver the growth expected, resulting in Lynch’s departure earlier this year. . . .
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