It comes after Dr Mike Lynch yesterday lost a multibillion-dollar fraud action over the sale of his software company Autonomy to Hewlett Packard (HP) in 2011.
He is accused of deliberately overstating the value of his business before it was acquired by the American technology giant.
HP, now Hewlett Packard Enterprise (HPE), sued Dr Lynch and Autonomy’s former chief financial offier, Sushovan Hussain, for around $5bn (£3.7bn), following its purchase of the Cambridgebased firm for $11.1bn (£8.bn) more than a decade ago.
Announcing his decision on the case at the High Court in London yesterday, Mr Justice Hildyard said HP had “substantially succeeded” in its various claims against the two men – but is likely to receive “substantially less” than the amount claimed in damages.
Dr Lynch has denied all charges against him and has signalled he intends to appeal against the High Court judge’s decision.
That decision coincided with a deadline for the home secretary to decide whether Dr Lynch should be extradited to the US.
A Home Offie spokesperson said: “Under the Extradition Act 2003, the secretary of state must sign an extradition order if there are no grounds to prohibit the order being made. Extradition requests are only sent to the home secretary once a judge decides it can proceed after considering various aspects of the case.
“On January 28, following consideration by the courts, the extradition of Dr Michael Lynch to the US was ordered.”
This story is from the January 29, 2022 edition of The Independent.
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This story is from the January 29, 2022 edition of The Independent.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
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