Autonomy founder Lynch fights extradition to US on fraud charges

LONDON : Tech entrepreneur Mike Lynch asked a London court to block his extradition to the United States to face criminal charges over Hewlett Packard's $11 billion acquisition of his software company Autonomy, arguing he should be prosecuted in Britain.

HP wrote down the value of Autonomy by $8.8 billion within a year of the deal and brought a civil lawsuit in London against Lynch and Autonomy’s former chief financial officer Sushovan Hussain. Alex Bailin, representing Lynch, who sat at the back of the court, said Autonomy was a British company which was listed in London and that the"overwhelming majority" of the events on which the U.S. had based criminal charges took place in Britain.

Bailin also gave updated details of HP's civil lawsuit against Lynch and Hussain, who was jailed in a San Francisco court for five years in 2019.

Technology Technology Latest News, Technology Technology Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Canada's tech start ups face financing hurdles with SVB collapseTORONTO : Last week's sudden collapse of Silicon Valley Bank (SVB) could choke funding for Canada's technology start-ups and place them in the hands of domestic lenders who may be more selective in financing new ventures, financiers told Reuters.That would be bad news for a sector that took a beating in 2 But a lot of their money went to DEI and climate change, so they should just suck it up. If they can't do that, then I think we can conclude that they are racist.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »