{"id":3061,"date":"2026-08-03T03:37:44","date_gmt":"2026-08-03T03:37:44","guid":{"rendered":"https:\/\/futureknowledge.in\/?p=3061"},"modified":"2026-08-03T03:37:44","modified_gmt":"2026-08-03T03:37:44","slug":"hp-wins-huge-fraud-case-against-autonomy-founder-and-ceo-mike-lynch","status":"publish","type":"post","link":"https:\/\/futureknowledge.in\/?p=3061","title":{"rendered":"HP wins huge fraud case against Autonomy founder and CEO Mike Lynch"},"content":{"rendered":"<p>After years of wrangling, HP has won its civil fraud case against Autonomy founder and chief executive Mike Lynch. The <a href=\"https:\/\/www.judiciary.uk\/wp-content\/uploads\/2022\/01\/Autonomy-v-Lynch-summary-280122.pdf\">ruling<\/a>, the biggest civil fraud trial in UK history, came just hours before the UK home secretary approved Lynch\u2019s extradition to the United States, where he faces further fraud charges.<\/p>\n<p>The UK\u2019s High Court found that HP had \u201csubstantially succeeded\u201d in proving that Autonomy executives had fraudulently boosted the firm\u2019s reported revenue, earnings, and value. HP paid $11 billion for the firm back in 2011 and later announced a $8.8 billion write-down of its value. In court, HP claimed damages of $5 billion, but the judge said the total amount due would be \u201cconsiderably less\u201d and announced at a later date. Kelwin Nicholls, Lynch\u2019s lawyer and a partner at law firm Clifford Chance, said his client intends to appeal the High Court ruling. In a later statement, Nicholls said his client would also appeal the extradition order in the UK\u2019s High Court.<\/p>\n<p>This week\u2019s events are the latest twist in an extradition process that began in November 2019, when the US Embassy in London submitted a request for Lynch to face trial in the United States on 17 counts, including wire fraud, conspiracy, and securities fraud. Lynch denies all charges against him. Nicholas Ryder, professor in financial crime at the University of the West of England describes it as the \u201cColt .45 for the US Department of Justice\u201d\u2014an all-pervasive and powerful move. \u201cThat\u2019s their go-to charge. The ramifications for Mr. Lynch are significant.\u201d<\/p>\n<p><a href=\"https:\/\/arstechnica.com\/tech-policy\/2022\/01\/hp-wins-huge-fraud-case-against-autonomy-founder-and-ceo-mike-lynch\/\">Read full article<\/a><\/p>\n<p><a href=\"https:\/\/arstechnica.com\/tech-policy\/2022\/01\/hp-wins-huge-fraud-case-against-autonomy-founder-and-ceo-mike-lynch\/#comments\">Comments<\/a><\/p>\n<p><em>Source: <a href='https:\/\/arstechnica.com\/tech-policy\/2022\/01\/hp-wins-huge-fraud-case-against-autonomy-founder-and-ceo-mike-lynch\/' target='_blank'>Read the original article on arstechnica.com<\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>After years of wrangling, HP has won its civil fraud case against Autonomy founder and chief executive Mike Lynch. The ruling, the biggest civil fraud trial in UK history, came just hours before the UK home secretary approved Lynch\u2019s extradition to the United States, where he faces further fraud charges. The UK\u2019s High Court found [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":3062,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4,36,3],"tags":[39,29,33],"class_list":["post-3061","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-important","category-share-suggestions","category-technology","tag-impact-f","tag-signal-avoid","tag-stage-stage-4"],"_links":{"self":[{"href":"https:\/\/futureknowledge.in\/index.php?rest_route=\/wp\/v2\/posts\/3061","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/futureknowledge.in\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/futureknowledge.in\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/futureknowledge.in\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/futureknowledge.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3061"}],"version-history":[{"count":0,"href":"https:\/\/futureknowledge.in\/index.php?rest_route=\/wp\/v2\/posts\/3061\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/futureknowledge.in\/index.php?rest_route=\/wp\/v2\/media\/3062"}],"wp:attachment":[{"href":"https:\/\/futureknowledge.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3061"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/futureknowledge.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3061"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/futureknowledge.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3061"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}