9th Circ. Says Ex-Autonomy CFO Can't Nix Fraud Conviction

By Mike LaSusa (August 26, 2020, 11:10 PM EDT) -- Autonomy's former chief financial officer lost a bid at the Ninth Circuit on Wednesday to nix a securities fraud conviction for lying about the British software company's financials before Hewlett-Packard Co.'s $11.7 billion acquisition in 2011.

Sushovan Hussain had argued that the U.S. Department of Justice can't bring wire fraud charges extraterritorially because the deal was governed by English securities laws and accounting rules and it was conducted in the British pound.

But the three-judge appeals panel disagreed, saying the alleged scheme involved emails, phone and video calls with participants in California as well as press releases that were sent to...

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