UK entrepreneur Mike Lynch has lost a multi-billion pound fraud action brought over the sale of software company Autonomy to Hewlett Packard (HP) in 2011.
The High Court judge found that HP had"substantially" succeeded in its bitter civil case but indicated that the US firm would get considerably less than the $5bn it had sought in damages.
The ruling follows years of bitter wrangling over Autonomy's value, which HP cut by almost $9bn after buying the firm for $11bn. Mr Lynch is also due to learn later on Friday whether Home Secretary Priti Patel has approved an extradition request to the US where he faces criminal charges, including wire fraud and securities fraud, relating to the deal.
Belgique Dernières Nouvelles, Belgique Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Home Secretary ponders extradition decision after tycoon loses High Court fightMike Lynch: Priti Patel is set to decide whether Mike Lynch should be extradited to the United States by the end of the week
Lire la suite »
Boris Johnson personally authorised evacuation of dogs from Afghanistan, email showsPrime minister had previously claimed it was ‘complete nonsense’ that he intervened in the case
Lire la suite »
Tesla speeds ahead with record salesTesla hailed a “breakthrough year” of expansion as it posted record quarterly sales and vowed to ramp up production as fast as possible in the face of global sh
Lire la suite »
UK Covid infections fall on day Plan B restrictions ease across countrySome of the most significant Plan B restrictions ended today in England, with similar measures coming into force in the other home nations
Lire la suite »
Prince Andrew Demands Trial By Jury In Civil Sex Case Brought By Virginia GiuffreAn application by the Duke of York to dismiss the case was previously denied by a judge.
Lire la suite »