Extradition moves Mike Lynch saga forward, but it’s not over yet via IrishTimesBiz
The Mike Lynch saga moved a step forward this week, after it emerged the the entrepreneur with Irish roots had been extradited to the US from the UK.
Lynch is to stand trial in California on charges including conspiracy to commit securities fraud tied to Hewlett Packard’s purchase of his Autonomy business for more than $11 billion in 2011. That deal was hailed at the time, but within a year HP had written down the value of most of the transaction, alleging mismanagement and accountancy “improprieties”.
In the years since, Lynch has been fighting something of a rearguard action to defend himself against any criminal charges. He has always denied any wrongdoing.He has battled the extradition order for the past four years, and lost his final appeal against it last month. Last year Lynch lost a separate civil case brought by HP against him in London.
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