On 25 November, Home Secretary Priti Patel sought an extension of time to decide on the extradition of Michael Lynch former Autonomy CEO. Mr Lynch is wanted in the US on charges of conspiracy, securities fraud and wire fraud in connection to the $11bn sale of the company to Hewlett Packard (‘HP’) in 2011 (covered by P&P here).
Following the request, District Judge Michael Snow, sitting at Westminster Magistrates’ Court ruled that he would only grant a further extension until 16th December. This is likely to mean that the Home Secretary will not have seen the judgment in proceedings at the High Court, expected now to be released in January 2022, where HP has brought an action against Mr. Lynch for allegedly concealing and misrepresenting the true financial performance of Autonomy prior to its sale.
Categories: United Kingdom, United States