After years of quarrels, HP won the issue of civil fraud against the founder of autonomy and CEO Mike Lynch. the to ruleThe biggest civil dough trial in the history of the United Kingdom, just hours before the UK Minister of Interior agreed to hand over Lynch to the United States, where he faces more fraud charges.
The UK Supreme Court found that HP “has succeeded greatly” in proving that the executives of independence have reinforced the company’s reported revenues, profits and value. HP paid $ 11 billion in the company in 2011 and later announced a $ 8.8 billion deletion of its value. In court, HP has claimed compensation of $ 5 billion, but the judge said the total amount would be “much less” and announced at a later time. Lynch’s lawyer and a lawyer for Lynch Corporation Chinese, Keelwin Nichols, said that his client intends to appeal the Supreme Court ruling. In a later statement, Nichols said his client would also appeal the UK Supreme Court delivery order.
This week’s events are the latest development in the delivery process that started in November 2019, when the US embassy in London submitted a request to confront the trial in the United States on 17 charges, including wire fraud, conspiracy and securities fraud. Lynch denies all the charges against him. Nicholas Ryder, a professor of financial crime at West England University, describes as “Coll. 45 for the US Department of Justice”-a mysterious and strong step. “This is their charge. The repercussions of Mr. Lynch are great.”
At the time of self -acquisition, the HP president said at the time that he was “serious cold feet” regarding the deal, according to the requests subsequently submitted in the court. The company has claimed some former members of the Self -Independence Management Team, “Use accounting accounting, bads, and the failure of the disclosure in amplifying the basic financial measures of [Autonomy]”And among them was Lynch, then the CEO of the company.