Tech tycoon Mike Lynch cleared of all fraud charges in Hewlett-Packard trial

Lynch, who faced 15 counts of fraud over $11.1bn purchase of Autonomy by HP, says he's elated' and grateful to the jury'

British tech tycoon Mike Lynch was found not guilty on Thursday on all 15 counts of fraud he faced over the $11.1bn purchase of his company Autonomy by Hewlett-Packard in 2011.

Lynch's trial began in March in San Francisco after a lengthy battle over his extradition from England to the US. He was first charged in 2018, accused of inflating sales, misleading regulators and duping his eventual buyer.