Article 5VH0X Hewlett-Packard wins civil fraud case against Mike Lynch over Autonomy sale

Hewlett-Packard wins civil fraud case against Mike Lynch over Autonomy sale

by
Rob Davies
from US news | The Guardian on (#5VH0X)

Verdict on same day as deadline to decide whether British businessman can be extradited to US to face proceedings

Hewlett-Packard has won its six-year civil fraud case against Mike Lynch, the man once hailed as Britain's answer to Bill Gates, after a high court judge ruled that he duped the US firm into paying 8.2bn for his software firm Autonomy.

Lynch, who was on Friday waiting to find out if he could be extradited to the US to face a separate criminal trial, was found to have defrauded HP by manipulating Autonomy's accounts to inflate the value of the company. He has always denied the accusation and said on Friday that he would appeal.

Continue reading...
External Content
Source RSS or Atom Feed
Feed Location http://www.theguardian.com/us-news/rss
Feed Title US news | The Guardian
Feed Link https://www.theguardian.com/us-news
Feed Copyright Guardian News and Media Limited or its affiliated companies. All rights reserved. 2024
Reply 0 comments