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UK tech giant founder to fight extradition ruling

Mike Lynch leaves Higher Court in London 25 March 2019

The founder of Uk computer software business Autonomy is unhappy by a British court docket ruling that he can be extradited to the US to confront fees of conspiracy and fraud, his attorney has claimed.

Mike Lynch bought Autonomy to US computer big Hewlett Packard (HP) for $8.4bn in 2011.

He denies allegations that he fraudulently inflated the worth of Autonomy ahead of the sale.

His lawyer, Chris Morvillo of Clifford Probability, said Dr Lynch would attractiveness.

Dr Lynch has been experiencing civil rates at the Higher Courtroom in London, where HP is suing him for damages more than the deal. But separately, the US Section of Justice (DoJ) is pursuing felony costs versus him.

“Dr Lynch is dissatisfied that the court has ruled towards him without waiting around for the Large Court’s judgement in the civil case that examined all these challenges,” claimed Mr Morvillo.

“At the ask for of the US Division of Justice, the courtroom has dominated that a British citizen who ran a British organization listed on the London Stock Trade should really be extradited to The united states in excess of allegations about his perform in the British isles.

“We say this case belongs in the British isles. If the property secretary nonetheless decides to order extradition, Dr Lynch intends to attractiveness.”

‘Artificially inflated’

The UK’s Major Fraud Office environment investigated the offer in 2013, right before dropping the scenario two many years later due to the fact of “inadequate evidence”.

Autonomy was started by Dr Lynch in 1996. It developed software that could extract beneficial info from “unstructured” resources of info these types of as cell phone-phone calls, emails or movie, and then do things such as suggest solutions to a connect with-centre operator or monitor Television set channels for words or topics.

Right before it was bought by HP, it experienced headquarters in San Francisco and Cambridge in the Uk.

In 2010, about 68% of Autonomy’s noted revenues arrived from the US and somewhere else in the Americas.

HP and US prosecutors allege that Dr Lynch and other former Autonomy executives artificially inflated the software firm’s revenues and earnings involving 2009 and 2011, producing HP to overpay for the company.

But Dr Lynch has argued that HP applied the allegations to deal with up its personal mismanagement of Autonomy soon after the 2011 offer.

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